Business
Proposed Placing of Investment in Papua Mining plc
Proposed Placing of Investment in Papua Mining plc.
About this update from Thalassa Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 0640R Thalassa Holdings Limited 18 September 2017 \n\nThalassa Holdings Ltd\n \n (Reuters: THAL.L, Bloomberg: THAL:LN)\n \n(\"Thalassa\" or \"the Company\")\n \nProposed placing of investment in Papua Mining plc (\"Papua\")\n \nThe board of Thalassa is pleased to announce that it has agreed to the conditional placing of the 40,000,000 ordinary shares the Company owns in Papua. The placing price is 1.15 pence per share and the Company paid 1 pence per share to acquire these shares in September 2016. Papua's announcement of today is repeated in full below. \n \nDuncan Soukup, Chairman said: \"Over the last twelve months we have considered a number of opportunities for Papua Mining plc. A transaction has been identified by the Papua board and Thalassa has decided to sell its shares in Papua as part of this placing. We wish Papua well with its endeavours.\"\n \n \nInvestor Enquiries: \n \nThalassa Holdings Ltd \n Duncan Soukup, Chairman +33 (0)6 78 63 26 89\nWH Ireland Limited (Nominated Adviser and Broker) \n Chris Fielding, Head of Corporate Finance +44 (0)207 220 1650 \nwww.thalassaholdingsltd.com\n \nNote to Editors:\n \nThalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company currently with positions in Energy Services, Defence and Homeland Security and Real Estate.\n \nThis announcement contains inside information\n \nPapua Mining plc\n \n(\"Papua\" or \"the Company\")\n \nProposed Acquisition of BGM Investments Pty Ltd (\"BGM\"), \nco...