Gemfields Grou. Regulatory News (GEM)

21 Dec 2006 10:24

Gemfields Resources PLC21 December 2006 The information contained herein is restricted and is not for publication,release or distribution in or into Australia, Canada, Japan, South Africa orthe United States. For immediate release 21 December 2006 Gemfields Resources plc ("Gemfields" or "the Company") Closing of Placing (the "Placing") Gemfields announces that the Placing of 8,000,000 new Ordinary Shares at a priceof 40p, as outlined in the press release of 19 December, has been successfullycompleted and the new Shares have commenced trading on AIM . The Company has raised £3,200,000 prior to expenses through a private placementby Canaccord Adams to provide funds for the development of the Kariba AmethystMine and the Jagoda Pink Tourmaline Mine. Enquiries: Gemfields Tel: 020 7016 9416Peter KitchenRichard James Canaccord Adams Limited Tel: 020 7050 6500Mike Jones Conduit PR Ltd Tel: 020 7429 6605Leesa PetersLaurence Read This announcement does not constitute an invitation to underwrite, subscribe foror otherwise acquire or dispose of any ordinary shares in the capital of theCompany. Persons needing advice should consult an independent financial adviserwho specialises in advising in connection with shares and other securities. Canaccord, which is regulated in the United Kingdom by the Financial ServicesAuthority, is acting solely for the Company and nobody else in connection withAdmission and the Placing and will not be responsible to any person other thanthe Company for providing the protections afforded to its customers or forproviding advice in relation to the Placing. No representation or warranty,express or implied, is made by Canaccord as to the contents of this announcementand without limiting the statutory rights of any person to whom thisannouncement is issued, no liability whatsoever is accepted by Canaccord for theaccuracy of any information or opinions contained in this announcement or forthe omission of any material information, for which the Directors of the Companyare solely responsible. This information is provided by RNS The company news service from the London Stock Exchange EN