Clontarf Regulatory News (CLON)

25 Sep 2007 16:24

Persian Gold PLC25 September 2007 25th September 2007 Placing Persian Gold Plc ("the Company") is pleased to announce it has completed aplacing of 7,609,398 new ordinary shares of £0.01 each at a price of £0.15 pershare to raise approximately £1,141,409.70 (before expenses). The shares havebeen placed under the existing share authorities agreed at the AGM held on 4 May2004. The proceeds of the placing will be used to provide additional working capital,in particular to fund drilling at the recently acquired Dalli project and toundertake further drilling at Chard-e-Zard. Application for the 7,609,398 of the new ordinary shares to be admitted totrading on AIM has been made. Admission is expected on the 1 October 2007. Follow the placing the directors' interests are: No of shares before Percentage before No of shares Percentage following placing placing following placing placing John Teeling 9,600,400 17.20 9,800,400 15.46Jim Finn 4,300,400 7.71 4,700,400 7.41Jack Teeling 3,900,000 6.99 4,100,000 6.47David Horgan 3,800,000 6.81 4,200,000 6.62 Enquiries: Persian Gold PlcJohn Teeling, Chairman + 353 1 8332833David Horgan, Director Blue Oar Securities PlcJohn Wakefield +44 (0) 117 933 0020 College HillPaddy Blewer +44 (0) 20 7457 2020Nick Elwes This information is provided by RNS The company news service from the London Stock Exchange