Business
Placing
Placing.
About this update from Landore Resources Limited
[{"type":"text","content":"\n RNS Number : 5538B Landore Resources Limited 29 October 2009 \n \nLandore Resources Limited\n(\"Landore\" or the \"Company\")\n\nPlacing \n\n\nLandore, the Canadian mining explorer, today announces that it has agreed to place 7,860,000 new ordinary shares of 1p each in the Company (\"Placing Shares\") at a placing price of 14p per share (the \"Placing\") to raise approximately £1,100,400 before expenses. The proceeds from the Placing will be used to finance working capital and exploration expenditure.\n\nThe Placing is conditional on admission of the Placing Shares to trading on AIM. Discloseable interests are as set out below. \n\n\n\n\n\nDirector\n\n\nPlacing Shares Subscribed\n\n\nShareholding immediately following Admission\n\n\nPercentage of enlarged issued share capital\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWilliam Humphries\n\n\n715,000\n\n\n15,165,000\n\n\n8%\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe Placing Shares will represent 4.1% of the then enlarged issued share capital of the Company. The number of ordinary shares in issue following the Placing, and the total number of voting rights, will be 189,909,325. The Placing Shares will rank pari passu with existing ordinary shares of 1p each in the Company. Application will be made for admission of the Placing Shares to trading on AIM, and is expected to take place on 9 November 2009.\n\n\n\nEnquiries:\n\nBill Humphries / Richard Prickett\nLandore Resources Limited\nTel: 07734 681262\nTel: 07775 651421\n\nSimon Raggett / Angela Peace\nStrand Hanson Limited\nTel: 020 7409 3494\n\nDavid Bick\nTel: 07831 381201\n\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END IOEFGMZGRRNGLZM \n ","length":4241,"tagName":"div"}]