Business
Placing to raise £525,000
Placing to raise £525,000.
About this update from Alba Mineral Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3548Q Alba Mineral Resources PLC 26 February 2016 \n\n26 February 2016\nAlba Mineral Resources plc\n(\"Alba\" or \"the Company\")\n \nPlacing to raise £525,000\n \nAlba Mineral Resources plc (AIM: ALBA), the UK-based exploration company, is pleased to announce that it has raised £525,000 (before expenses) through the issue of 131,250,000 new ordinary shares at a price of 0.4 pence per ordinary share (the \"Placing\"), conditional on the admission of such new ordinary shares to trading on AIM. The net proceeds of the Placing will be used for general working capital purposes as the Company seeks to advance its projects.\n \nAdmission to AIM \n \nApplication will be made for the new ordinary shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective at 8.00 a.m. on 4 March 2016. The new ordinary shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise rank on Admission pari passu in all respects with the existing ordinary shares. \n \nTotal Voting Rights\n \nFollowing Admission, the total number of ordinary shares in issue will be 1,286,789,931. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights will be 1,286,789,931. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\n \n \nFor further information please contact:\n \n\n\n\n\nAlba Mineral Resources Plc\n\n\n+44 20 3696 4616\n\n\n\n\nMichael Nott, CEO\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nCairn Financial Advisers LLP\n\n\n+44 20 7148 7900\n\n\n\n\nAvi Robinson / James Caithie\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nDowgate Capital Stockbrokers Limited \n\n\n+44 1293 517744\n\n\n\n\nJason Robertson / Neil Badger\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\n \n \nAbout Alba\n \nAlba holds a 15 per cent interest in Horse Hill Developments Limited, the company which has a 65 per ...