IRG.L Share News (IRG)

LONDON (Dow Jones)--Independent Resources PLC (IRG.LN), a U.K. oil and gas company, said Wednesday it has conditionally raised GBP2.6 million before expenses through a placing of 4,263,000 ordinary shares of at 60 pence per share. MAIN FACTS: -The shares have been conditionally placed by Seymour Pierce with institutional and other investors. -Grayson Nash LLC, in which Grayson Nash, Executive Chairman of Independent Resources, is the majority shareholder, has agreed to subscribe for 200,000 Ordinary Shares. -Shares at 1220 GMT down 4 pence, or 3%, at 71.5 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com (END) Dow Jones Newswires June 23, 2010 08:22 ET (12:22 GMT)