RNS Number : 2722G
Peninsular Gold Limited
21 October 2008
Peninsular Gold Limited (the 'Company')
(AIM: PGL)
Issue of Equity
Peninsular Gold Limited is pleased to announce that it has today allotted 4,000,000 new ordinary shares of no par value in the capital of the Company (the 'New Ordinary Shares') at 25 pence per New Ordinary Share to raise £1,000,000. The New Ordinary Shares represent 7.2% of the enlarged issued ordinary share capital of the Company. The net placing proceeds will help finance the Group's ongoing mining development and exploration in Pahang, Malaysia and provide additional working capital.
Following the allotment, Chinchoo Holdings (S) Private Ltd. is interested in 2,000,000 ordinary shares of no par value, representing 3.6% of the issued share capital of the Company. In addition Granite Peak Limited, an existing shareholder, has increased its holding in the Company by 800,000 shares taking its total interest in the Company to 5.3%.
Application has been made for the New Ordinary Shares to be admitted to trading on the AIM Market of the London Stock Exchange ('AIM'). Dealings are expected to commence on AIM at 08:00 on Friday, 24th October, 2008.
-End-
For further information:
|
Dato' Sri Andrew Kam
Chairman and Chief Executive
Peninsular Gold Limited
Tel: +60 12 3310 828
|
|
|
Patrick Watson
Finance Director
Peninsular Gold Limited
Tel: +44 7799 885 653
|
|
|
David Nabarro / Richard Greenfield
Nabarro Wells Limited
Tel: +44 20 7634 4705
|
|
|
Mark Stephenson
Blue Oar Securities Plc
Tel: +44 20 7448 4400
|
|
|
Ed Portman / Leesa Peters
Conduit PR Limited
Tel: + 44 20 7429 6666
|
|
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEILFLRIALIFIT