Business
Result of General Meeting and Directors' Dealing
Result of General Meeting and Directors' Dealing.
About this update from Nativo Resources Plc
[{"type":"text","content":"\n \nRNS Number : 8384J Independent Resources PLC 17 June 2014 \n \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF LOCAL APPLICABLE SECURITIES LAWS OR REGULATIONS.\n \nTHIS ANNOUNCEMENT IS AN ADVERTISEMENT AND IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. IT IS NOT A CIRCULAR, A PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS ANNOUNCEMENT EXCEPT SOLELY ON THE BASIS OF INFORMATION CONTAINED IN THE CIRCULAR THAT WAS PUBLISHED ON 30 MAY 2014 BY INDEPENDENT RESOURCES PLC IN CONNECTION WITH THE PROPOSED CAPITAL RAISING.\n \n17 June 2014\n \nIndependent Resources plc\n(\"IRG\", the \"Company\" or the \"Group\")\n \nResult of General Meeting and Directors' Dealing\n \nThe Board of IRG (AIM: IRG) is pleased to announce that all resolutions proposed were duly passed at its General Meeting held today.\n \nDefined terms used in this announcement shall have the same meaning as those terms defined and used in the circular of the Company dated 30 May 2014.\n \nAs announced earlier today, the Company received valid acceptances in respect of 5,979,570 Open Offer Shares from Qualifying Shareholders and all eligible applications from Qualifying Shareholders will be allocated as applied for.\n \nPursuant to the Placing, Charles Stanley Securities agreed to use its reasonable endeavours to place up to 50,233,334 Placing Shares and 9,000,000 Clawback Shares with institutional and other investors, conditional, amongst other things, upon Admission. \n \nAs part of the Placing, 7,066,668 Placing Shares will be subscribed by Legal & General Investment Management (\"Legal & General\"). In addition, Legal & General has agreed to subscribe for additional Placing Shares to enable it to increase its shareholding in the Company to 19.40 per cent. of the Enlarged Share Capital. This will result in a further 6,700,000 Placing Shares being issued to Legal and General. \n \nAccordingly the Company will issue 58,412,904 New Ordinary Shares pursuant to the Placing and Open O...