Business
Completion of ?1.93 million Placing
Completion of ?1.93 million Placing.
About this update from Altyngold Plc
[{"type":"text","content":"\n \nRNS Number : 3400X Hambledon Mining PLC 10 January 2014 \n \n\n10 January 2014\nHambledon Mining plc(\"Hambledon\" or the \"Company\")\nCompletion of £1.93 million Placing\n \nHambledon Mining plc (AIM: HMB), the gold mining and development company, is pleased to announce that it has conditionally raised gross proceeds of approximately £1.93 million through a placing of 97,972,000 new Ordinary Shares of 0.1 pence each (the \"Placing Shares\") through JSC Visor Capital (\"Visor\"), a Kazakhstan focused investment bank, at a price of 1.975 pence per Ordinary Share (the \"Placing\").\nThe net proceeds of the Placing will be used for general working capital purposes, and are expected to increase the Company's flexibility in securing its funding requirements for the full scale development of the underground mine at Sekisovskoye.\n\nDetails of the Placing\nApplication has been made for the Placing Shares, which will rank pari passu in all respects with the existing Ordinary Shares of the Company, to be admitted to trading on AIM (\"Admission\"), which is expected to be effective from 8.00 a.m. on 16 January 2014.\nThe Placing is conditional, inter alia, upon Admission becoming effective by no later than 8.00 a.m. on 16 January 2014 or such later date, being not later than 8.00 a.m. on 31 January 2014, as Hambledon and Visor may agree.\n\nTotal Voting Rights\nThe Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company following the Placing will therefore be 1,661,342,130. 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 in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.\nFor further information please contact:\n \n\n\n\n\nHambledon Mining PlcBogdan Poustovoi, CFA \n\n\n+44 (0) 207 932 2455\n\n\n\n\nStrand Hanson (Nomad and Joint Broker)Andrew Emmott\nJames Spinney\nRitchie Balmer\n\n\n+44 (0) 207 409 3494\n \n \n\n\n\n\nPeat & Co. (Joint Broker)John Beaumont, COO and Head of Research ...