Last checked at 30 Jul 2012 10:15
Praetorian Resources Limited
("Praetorian Resources" or the "Company")
Completion of Mantle Diamonds Transfer and Share Exchange
The Board of Directors of Praetorian Resources is pleased to announce that completion of the transfer of the Mantle Diamonds portfolio by Blackrock Investment Management (UK) Limited ("Blackrock Investment Management") to the Company took place on 28 July 2012, following expiry of the period for shareholders in Mantle Diamonds Limited to exercise pre-emption rights. Pursuant to the share exchange agreement dated 4 July 2012 entered into by the Company with Blackrock Investment Management, an additional 1,950,000 new ordinary shares in the Company (with an additional 975,000 new subscription shares in the Company attached) were issued to Blackrock Investment Management on such completion.
Application has been made to the London Stock Exchange for the 1,950,000 new ordinary shares and 975,000 new subscription shares to be admitted to trading on AIM. It is expected that such admission will take place at 8.00 a.m. on Friday, 3 August 2012. Following the completion of the share exchange, the Company has 46,648,886 ordinary shares and 23,324,443 subscription shares in issue and Blackrock Investment Management holds 5,299,854 ordinary shares representing11.36 per cent. of the Company's issued ordinary share capital.
Contact:
For further information, please contact:-
Praetorian Resources Limited | +44 1481 253 797 |
Robert King, Director | |
Westhouse Securities Limited (Nominated Adviser) | +44 20 7601 6100 |
Richard Baty | |
Petre Norton | |
Ocean Equities Limited (Broker) | +44 20 7786 4370 |
Guy Wilkes | |
Newgate Threadneedle (Financial PR) | +44 20 7653 9850 |
Beth Harris | |
Graham Herring |