Business
Correction to Placing
Correction to Placing.
About this update from Oracle Power Plc
[{"type":"text","content":"\n \n\n 20/08/2010\n GB00B23JN426/GBP/PLUS-exn\n\n Oracle Coalfields PLC\n\n (\"Oracle\" or the \"Company\")\n\n CORRECTION TO PLACING ANNOUNCEMENT OF 30 JULY 2010\n\nFollowing the announcement made on 30th July 2010, Oracle Coalfields PLC (PLUS: ORCP), the UK\ndeveloper of a 1.4 billion tonne coal deposit in southern Pakistan, has raised an additional\n£83,850, rather than £63,600 as previously announced, through the issue of 2,795,000 new Ordinary\nShares of 0.1p each at a price 3p per Ordinary Share.\n\nThe proceeds from the above placing will provide additional working capital for the Company.\n\nFollowing the placing, Andrew Neubauer, a shareholder in Oracle is interested in 20,033,830\nOrdinary Shares, representing 12.08% of the issued share capital of the Company.\n\nIn accordance with the FSA's Disclosure and Transparency Rules, the Board of Oracle confirms that\nas at 20 August 2010, there are 165,711,000 Ordinary Shares in issue of which the Directors\nare interested in 29,638,291 shares, which represents 17.88% of the issued share capital.\n\nThe Directors of Oracle are responsible for the contents of this announcement.\n\n ENQUIRIES:\n\n Oracle Coalfields PLC\n Shahrukh Khan, Chairman\n Telephone: +44 (0) 1366500722\n Email: [email protected]\n\n St Helens Capital Partners LLP\n Duncan Vasey or Mark Anwyl\n Telephone: +44 (0) 20 7368 6959\n\n WEBSITE: www.oraclecoalfields.com\n\nOracle Coalfields plc\t\t\t\t\t\t\t\t\n\n\t\t\t\t\t\t \n ","length":1769,"tagName":"div"}]