Tertiary Minerals PLC
31 October 2007
Tertiary Minerals plc
(the 'Company')
Placing of Shares
The Company announces today that it has raised £727,280, before expenses,
through a placing of 9,091,000 ordinary shares at 8p each. The net proceeds from
this placing will be used to fund various drilling programmes currently in
progress and planned on several of the company's exploration projects in the
Nordic countries, and for working capital. These shares have been placed with
institutional and other investors by the Company's broker, Seymour Pierce
Limited.
Application for the admission to AIM of the new ordinary shares has been made
and dealings are expected to commence on 7 November 2007. The new ordinary
shares rank pari passu with the existing ordinary shares and are identical in
all respects.
Executive Chairman, Patrick Cheetham commented:
'We are delighted to welcome our new shareholders to the Company and look
forward to reporting the results of our exploration programmes over the coming
months.'
Enquiries:
Patrick Cheetham Tertiary Minerals plc 01625 626203
Jonathan Wright/Matt Thomas Seymour Pierce Ltd 020 7107 8000
John Greenhalgh/Ron Marshman City of London Public Relations 020 7628 5518
This information is provided by RNS
The company news service from the London Stock Exchange