Business
Completion of Share Placement
Completion of Share Placement.
About this update from Griffin Mining Limited
[{"type":"text","content":"\n Griffin Mining Ld\n27 July 2007\n\n GRIFFIN MINING LIMITED\n 60 St James's Street, London SW1A 1LE, United Kingdom\n Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773\n E mail: [email protected]\n\n 27th July 2007\n\n\n COMPLETION OF £75 MILION SHARE PLACEMENT TO CITADEL\n\n\n\nFurther to the announcement made on 11th July 2007, Griffin Mining Limited (the\n'Company') has executed a subscription agreement with and, subject to admission\nof the shares to trading on AIM, issued to Citadel Equity Fund Limited\n68,181,818 million shares at £1.10 per share for total proceeds of £75 million.\nAdmission of the shares to trading on AIM is expected on 1st August 2007,\nfollowing which entities affiliated with Citadel Investment Group, L.L.C, will\nhave an interest in 77,181,818 shares of the Company. This represents 29.51% of\nthe enlarged share capital of the Company which post this placement will be\n261,509,549 ordinary shares on issue.\n\n\n\n\n\nFurther information\n\n\nMladen Ninkov - Chairman Telephone: +44(0)20 7629 7772\nRoger Goodwin - Finance Director\nGriffin Mining Limited\n\nAdrian Hadden / Christopher Rollason Telephone: +44(0)20 7523 8353\nCollins Stewart Europe Limited\n\nHugo de Salis Telephone: +44(0) 20 7242 4477\nSt Brides Media & Finance Ltd\n\n\n\nGriffin Mining Limited's shares are quoted on the Alternative Investment Market\n (AIM) of the London Stock Exchange (symbol GFM).\n\n\n\nThe Company's news releases are available on the Company's web site:\nwww.griffinmining.com\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2062,"tagName":"div"}]