Business
Rights Issue Announcement
Rights Issue Announcement.
About this update from Harworth Group Plc
[{"type":"text","content":"\n \nRNS Number : 1123L Coalfield Resources PLC 07 August 2013 \n \n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDICES (TOGETHER, THE 'ANNOUNCEMENT'), IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN AND THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. \nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND NOT A PROSPECTUS AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT ON THE BASIS OF INFORMATION TO BE CONTAINED IN THE PROSPECTUS COMPRISING A CIRCULAR EXPECTED TO BE PUBLISHED BY THE COMPANY TODAY IN CONNECTION WITH THE PROPOSED RIGHTS ISSUE (THE \"PROSPECTUS\"). COPIES OF THE PROSPECTUS WILL BE AVAILABLE FROM THE COMPANY'S REGISTERED OFFICE AND WILL BE AVAILABLE FOR INSPECTION BY THE PUBLIC DURING NORMAL BUSINESS HOURS ON ANY DAY (EXCEPT SATURDAYS, SUNDAYS AND PUBLIC HOLIDAYS) AT THE FINANCIAL CONDUCT AUTHORITY'S DOCUMENT VIEWING FACILITY.\n \n7 August 2013\nCoalfield Resources Plc\n(\"Coalfield Resources\" or the \"Company\")\nCoalfield Resources announces rights issue to raise net proceeds of approximately £5.0 million\nCoalfield Resources announces that it intends to raise approximately £5.0 million net proceeds (£6.0 million gross proceeds) through a rights issue (\"Rights Issue\"). As announced on 31 May 2013 and 9 July 2013, the net proceeds of the Rights Issue will be used to repay the Company's facility with Lloyds (\"Facility\") and any surplus will provide additional working capital for the Company. The Rights Issue is being fully underwritten by Peel Holdings Limited (\"Peel\") or a member of the Peel Group, the Company's largest Shareholder. The Rights Issue is subject to the approval of shareholders at the General Meeting to be held on 27 August 2013.\n \nKey highlights\n· 1 for 1 rights issue\n· Raising net proceeds of approximately £5.0 million at an issue price of 2 pence per New Ordinary Share\n· &n...