Any Opinions6 Feb 2009 13:58
About if and how this will affect the SP BAO on Monday? It's currently trading at 2.62 pence. I'm a bit new at this and just seeking some of your opinions/advice in this stock .
Many Thanks Guys!
Issue of Shares and Substantial Shareholder
RNS Number : 9164M
Baobab Resources PLC
06 February 2009

BAOBAB RESOURCES PLC
("Baobab" or the "Company")
Issue of Shares and Substantial Shareholder
6 February 2009
Further to the Company's announcement of 27 November 2008, the Company has issued and allotted 11,000,000 Ordinary Shares to IFC (International Finance Corporation), a member of the World Bank Group, at a price of 4.1p per share to raise £451,000, following satisfaction of all outstanding conditions.
Application to the London Stock Exchange has been made for these new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 9 February 2009.
The new ordinary shares will rank pari passu with the existing ordinary shares of the Company.
Following the issue of these shares the Company has 96,078,502 fully paid ordinary shares in issue and IFC has a relevant interest in 11,000,000 Ordinary Shares in the Company, representing 11.45% of the Company's total voting rights.