Persian Gold PLC
25 September 2007
25th September 2007
Placing
Persian Gold Plc ('the Company') is pleased to announce it has completed a
placing of 7,609,398 new ordinary shares of £0.01 each at a price of £0.15 per
share to raise approximately £1,141,409.70 (before expenses). The shares have
been placed under the existing share authorities agreed at the AGM held on 4 May
2004.
The proceeds of the placing will be used to provide additional working capital,
in particular to fund drilling at the recently acquired Dalli project and to
undertake further drilling at Chard-e-Zard.
Application for the 7,609,398 of the new ordinary shares to be admitted to
trading on AIM has been made. Admission is expected on the 1 October 2007.
Follow the placing the directors' interests are:
No of shares before Percentage before No of shares Percentage following
placing placing following placing placing
John Teeling 9,600,400 17.20 9,800,400 15.46
Jim Finn 4,300,400 7.71 4,700,400 7.41
Jack Teeling 3,900,000 6.99 4,100,000 6.47
David Horgan 3,800,000 6.81 4,200,000 6.62
Enquiries:
Persian Gold Plc
John Teeling, Chairman + 353 1 8332833
David Horgan, Director
Blue Oar Securities Plc
John Wakefield +44 (0) 117 933 0020
College Hill
Paddy Blewer +44 (0) 20 7457 2020
Nick Elwes
This information is provided by RNS
The company news service from the London Stock Exchange
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