directors dealings on digital look13 Nov 2008 08:09
Here is the full statement made on 7.11.08 as referred to by GEDW:
7 November 2008
Cambridge Mineral Resources plc ('CMR' or 'the Company')
Equity Placing & Directors Share Purchases
Cambridge Mineral Resources plc, the AIM listed mining exploration and production company primarily
targeting precious metals in South America, has received share placing commitments from institutions
and directors to raise £280,000 ('the Placing') before expenses through the issue of 28,000,000 new
Ordinary Shares of 1 pence at 1 pence per share ('Placing Shares'). Each Placing Share will have one
warrant attached with an exercise price of 2 pence with an exercise period of two years.
The Placing Shares will represent 7.88 per cent of the Company's enlarged issued share capital
following the Placing, and will, when issued, rank pari passu in all respects with the existing
issued ordinary shares. The placing is conditional, inter alia, upon the new Ordinary Shares being
admitted to trading on AIM for which application is being made to the London Stock Exchange, and it
is expected that admission will become effective, and trading in the Placing Shares will commence, on
or around 13 November 2008. The warrants will not be listed.
Directors of CMR, Colin Andrew and Michael Burton have participated in the Placing with the purchase
of 2,500,000 shares each.