Business
Private Placing
Private Placing.
About this update from Pan African Resources Plc
[{"type":"text","content":"\n Pan African Resources PLC\n22 December 2005\n\n22 December 2005\n\n\n\n\n\n Pan African Resources plc\n\n ('Pan African Resources', 'The Company')\n\n\n\n Fundraising: GBP 210,000 private placing\n\n\n\nPan African Resources PLC (AIM: PAF) the African based gold exploration company\nannounces that it has raised GBP 210,000 by way of private placing of 7million\nnew ordinary 1p shares at 3p (pence) per share to institutional and professional\ninvestors. The capital raised will be utilised to progress the Company's\nexploration activities in the Central African Republic.\n\n\n\nApplication will be made for the new shares to be admitted for trading on AIM\nand it is anticipated that they will be admitted on 6th January 2006.\n\n\n\nEnds\n\n\nPan African Resources Ambrian Partners Parkgreen Communications\nJan Nelson, CEO Richard Brown / Justine Howarth /\n+27 11 886 1211 Emma Priestley Victoria Thomas\nColin Bird, Chairman +44 (0) 207 776 6400 +44 (0) 20 7493 3713\n+44 (0) 20 7584 2155\n\n\n\n\n\n\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1293,"tagName":"div"}]