Last checked at 8 May 2014 09:31
8 May 2014
This press release, provided pursuant to applicable regulatory requirements, is not for distribution to U.S. or Canadian news services or for dissemination in the United States or Canada, and does not constitute an offer of the securities described herein. These securities have not been registered in Canada or under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or Canada or to U.S. or Canadian persons absent registration or applicable exemption from registration requirements.
Galileo Resources Plc
("Galileo" or the "Company")
Update on the Proposed Acquisition and Date of Admission to Trading of the New Shares
The Board of Galileo, (AIM:GLR) announces that further to the announcements of 4 February 2014 and 28 April 2014 the Company is proceeding to completing the acquisition of the entire issued share capital of Toronto (Ontario) incorporated St. Vincent Minerals Inc. ("SVM") (the "Acquisition"). The 26,195,538 new Ordinary Shares of 5p each, being issued as consideration for the whole of the issued share capital of SVM, are now expected to commence trading on AIM on 13 May 2014.
All other matters remain as previously announced.
For further information, please contact:
Galileo Resources Plc Colin Bird Chairman & CEO | Tel +44 (0)20 7581 4477 |
Andrew Sarosi Executive Director www.galileoresources.com
| Tel +44 (0)1752 221937 |
Beaumont Cornish Limited Nominated Adviser Roland Cornish/Felicity Geidt | Tel +44 (0)20 7628 3396 |
Shore Capital Stockbrokers Limited Joint Broker Jerry Keen/Toby Gibbs
| Tel +44 (0)20 7408 4090 |
Hume Capital Joint Broker Jon Belliss
| Tel +44 (0)20 3693 1470 |
Gable Communications Justine James | Tel +44 (0)20 7193 7463 M +44 (0)7525 324431 |