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Conditional Placing & Notice of General Mee...
Conditional Placing & Notice of General Mee....
About this update from Nativo Resources Plc
[{"type":"text","content":"\n \n THE INFORMATION CONTAINED IN THIS FOR RELEASE, IS NOT FOR GENERAL PUBLICATION \nOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, \n AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR \n DISTRIBUTION WOULD BE UNLAWFUL \n\n Independent Resources plc \n\n ('Independent Resources' or `the Company') \n\n Conditional Placing & Notice of General Meeting \n\nThe Company is pleased to announce that it has conditionally raised £2.6\nmillion (prior to expenses) through a placing of 4,263,000 ordinary shares of\n1p each in the capital of the Company (\"Placing Shares\") at 60p per Placing\nShare. The Placing Shares have been conditionally placed by Seymour Pierce with\ninstitutional and other investors (the \"Placing\").\n\nGrayson Nash LLC, in which Grayson Nash (Executive Chairman of Independent\nResources) is the majority shareholder, has agreed to subscribe for 200,000\nOrdinary Shares. GAIA SRL, in which Roberto Bencini (Technical Director of\nIndependent Resources) is the majority shareholder, has agreed to subscribe for\n20,000 Ordinary Shares. Alan Thomas, a Non Executive Director of Independent\nResources, has agreed to subscribe for 18,000 Ordinary Shares. The Directors,\nin aggregate, have agreed to subscribe for 238,000 Ordinary Shares pursuant to\nthe Placing.\n\nJanine Diana James, the wife of Timothy James (a Director of Independent\nResources), has agreed to subscribe for 20,000 Ordinary Shares. Following the\nPlacing, the Directors will be interested in approximately 28 per cent. of the\nenlarged issued share capital.\n\nThe Placing is conditional on certain resolutions being passed at a general\nmeeting of the Company (the \"GM\" or \"General Meeting\") to be held at the\noffices of Ashurst LLP, Broadwalk House, 5 Appold Street, London EC2A 2HA on 9\nJuly 2010 at 11:00 am.\n\nThe business of the General Meeting will be to grant the Directors authority to\nallot Ordinary Shares and to disapply pre-emption rights in connection with the\nissue of the Placing Shares.\n\nA Circular, Notice of GM and Proxy Form have been posted to Shareholders.\n\nAdditional copies of the Circular, Notice of GM and Proxy Form may be requested\ndirectly from the Company. The documents are also available on the Company's\nwebsite, www.ir-plc.com.\n\nApplication will be made for the Pl...