Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration company which owns several exploration projects in Sweden, notes weekend press speculation and confirms that the Company, as is normal for an exploration company, is always considering its options with regards to an equity fund-raising though strongly denies that any placing, if undertaken at the present time, would be concluded at such a large discount to the current share price.
Further details will be announced as appropriate.
Beowulf Mining Plc
Clive Sinclair-Poulton, Chairman
Tel: +353 (0)85 739 2674
Strand Hanson Limited
Matthew Chandler / Simon Raggett
Tel: +44 (0)207 409 3494
Alexander David Securities Limited
Tel: +44 (0)207 448 9820
Lothbury Financial Services Limited
Gary Middleton / Michael Padley
Tel: +44 (0)207 868 2010
or visit http://www.beowulfmining.net
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