Business
EGM Notice & Placing update
EGM Notice & Placing update.
About this update from Zephyr Energy Plc
[{"type":"text","content":"\n Vane Minerals PLC\n09 November 2007\n\n\n9 November 2007\n\n\n VANE Minerals Plc (AIM:VML)\n\n ('VANE' or the 'Company')\n\n Notice of EGM & Increase in proposed placing\n\n\nVANE announces that a notice convening an Extraordinary General Meeting ('EGM')\nhas been sent to shareholders on 7 November 2007. The EGM is scheduled for\nShareholders to vote on the proposed placing as announced on 2 November 2007. It\nis to be held at the offices of Hammonds Solicitors, at 7 Devonshire Square,\nCutlers Gardens, London, EC2M 4YH on 30 November 2007 at 11.00 am.\n\nIn addition, the Company announces, further to the statement on 2 November 2007,\nthat Westwind Partners has exercised an option it had agreed with the Company to\nincrease the size of the proposed share issue to £6.25 million, by placing an\nadditional 7,142,857 Ordinary shares.\n\nAccordingly, at the EGM resolutions will be put to Shareholders to approve the\nissue of 35,714,285 Ordinary shares.\n\nAs previously announced, the net proceeds of the placing are to be used\nprimarily for accelerating VANE's breccia pipe drilling campaign in northern\nArizona, where the Company has 39 drill targets, and for proceeding to further\nrounds of drilling on the Company's six properties in Utah.\n\n\nEnquiries:\n\nVANE Minerals Plc Westwind Partners Ambrian Partners Limited Parkgreen Communications\nMatthew Idiens Paul Newman Richard Brown Laura Llewelyn / Beth Harris\n+44 (0) 20 7667 6322 +44 (0) 20 7290 9713 +44 (0) 20 7776 6417 +44 (0) 20 7851 7480\n\nFor further information, please review: www.vaneminerals.com.\n\n\nAbout VANE Minerals:\n\nVANE Minerals was founded by the former international exploration team of\nFreeport-McMoRan Copper & Gold Inc., one of the world's largest producers of\ncopper and gold. The Company has assembled a highly qualified and experienced\nmanagement team with a proven track record in exploration and development, who\nhave spent their entire careers searching for and defining large-scale mineral\ndeposits.\n\nThe Company is using the silver/gold production at its Diablito mine in Mexico\nto help fund exploration work across its attractive portfolio.\n\nSince December 2004, VANE has built up a substantial uranium portfolio of\nproperties in the Colorado Plateau region, initially targeting the Arizona strip\nwhich holds the highest grade deposits...