Last checked at 16 Aug 2007 10:17
BEOWULF MINING PLC ("the Company") Issue of Equity
The board of Beowulf Mining plc is pleased to announce the successful placing of 8,000,000 new ordinary shares at a price of 4.25p each raising the gross sum of ‚£340,000, arranged by Loeb Aron & Company Ltd.
Following the issue of these shares the issued share capital of the Company will be 74,548,247 ordinary shares of 1p each. Application will be made for the new shares to be admitted to trading on AIM, expected to be 08.00 on 22 August 2007.
Expenses of the placing are estimated at ‚£17,000 together with the issue of 400,000 warrants exercisable for two years at 6p per warrant.
For further information contact:
Dr Robert Young, Beowulf Mining plc Tel. +44 (0) 1353 649 701
Gavin Burnell, Ruegg & Co Limited Tel. +44 (0) 207 584 3663
Gary Middleton, St. Swithins PR Tel. +44 (0) 207 929 4391
Nick Bealer, King & Shaxson Tel. +44 (0) 207 426 5986
Charles Dampney, City Capital Tel: +44 (0) 207 842 5867
BEOWULF MINING PLC