Holding(s) in Company & Update on Open Offer

RNS Number : 8034Y

Independent Resources PLC

08 March 2017

 

FOR IMMEDIATE RELEASE

Independent Resources plc

("IRG" or the "Company")

Holding(s) in Company & Update on the Open Offer

The Company announces that on 07 March 2017 it was notified by Sanderson Capital Partners that they no longer hold a notifiable interest in the Company.

Update on the Open Offer  

Further to the announcement of 6 March 2017, the Company is continuing to prepare the documentation in support of the Open Offer which, when it is made, is intended to raise approximately £1.5 million. Further details of the Open Offer, including the Ex-entitlement Date for the Open Offer, shall be announced shortly when the Open Offer is formally launched. In the meantime however, the Company can confirm that investors purchasing shares in the open market before then will be given the opportunity to participate in the Open Offer. 

As mentioned, the Open Offer shares will be priced at 0.065 pence per new share which is the same price as the institutional investment, thereby enabling shareholders to subscribe at an identical price to the cornerstone investor.  

For more information, please visit www.ir-plc.com or contact:

For more information, please visit www.ir-plc.com or contact:

Greg Coleman		Independent Resources plc	020 7070 0447
John Treacy Jamie Spotswood		ZAI Corporate Finance Ltd. (Nominated Adviser)	020 7060 2220
Oliver Stansfield Jonathan Evans		Brandon Hill Capital (Broker)	020 3463 5000
Simon Hudson		Tavistock Communications	020 7920 3150

 

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