Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGolden Saint Resources Regulatory News (GSR)

  • There is currently no data for GSR

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Placing and appointment of Joint Broker

13 Jun 2016 07:12

RNS Number : 9647A
Golden Saint Resources Ltd
13 June 2016
 

13 June 2016

Golden Saint Resources Ltd

 

("Golden Saint" or the "Company")

 

Placing and appointment of Joint Broker

The board of Golden Saint (AIM:GSR) ("Board") is pleased to announce that on 10 June 2016 the Company raised £400,000 before expenses (£371,000 net of commissions payable by the Company), by way of a placing ("Placing") of 571,428,571 new Ordinary Shares of no par value in the Company ("Placing Shares") at a placing price of 0.07 pence per share (being a discount of approximately 24.3 per cent. to the closing middle market price of 0.0925 pence per ordinary share of no par value in the Company ("Ordinary Share") on 9 June 2016, being the last practicable date prior to finalising the Placing and a 25 per cent. premium to the placing which the Company announced on 18 May 2016).

 

The Placing is conditional only upon admission of the Placing Shares to trading on AIM and has been carried out within the Company's existing share authorities.

 

The Company intends to use the proceeds of the Placing to continue its bulk sampling operations and for general working capital purposes.

 

The Company is also pleased to announce the appointment of SVS Securities as joint broker (alongside existing joint broker and nominated adviser, Beaumont Cornish Limited) with immediate effect.

 

The Placing Shares will rank pari passu with the existing Ordinary Shares and application has been made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares will commence at 8.00 a.m. on 17 June 2016.

 

Following Admission of the Placing Shares, the Company's issued share capital will consist of 4,501,723,248 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. This number 4,501,723,248 may be used by shareholders, following Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules, of which the Company has incorporated Chapter 5 into its articles of association.

 

 

For further information please contact:

 

Golden Saint Resources Ltd

 

Keng Hock Seah

+618 6145 4400

Beaumont Cornish Limited

 

Roland Cornish / Emily Staples

+44 (0) 20 7628 3396

SVS Securities Plc

 

Tom Curran / Ben Tadd

 

+44 (0)203 700 0093

 

Cassiopeia Services LTD

 

Stefania Barbaglio

+44 (0)7949690338

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCGMGMVVFLGVZG
Date   Source Headline
13th Apr 201812:23 pmRNSResult of Meeting
9th Apr 20182:35 pmRNSPlacing and issue of shares
23rd Mar 20187:00 amRNSProposed cancellation, Circular and Notice of GM
18th Dec 201711:00 amRNSConditional acquisition and suspension of trading
18th Dec 201711:00 amRNSSuspension - Golden Saint Resources Ltd
29th Sep 201711:13 amRNSInterim Results
12th Sep 20172:35 pmRNSPlacing, Board Change and Operational Update
28th Jul 20171:43 pmRNSResult of AGM and Board Appointment
27th Jun 20173:36 pmRNSAudited results for financial year ended 31Dec2016
22nd Jun 201712:39 pmRNSBoard Changes & Operational Update
15th Jun 20179:00 amRNSPrice Monitoring Extension
28th Apr 20179:31 amRNSOperational Update, Placing and Board Changes
22nd Feb 20172:05 pmRNSSecond Price Monitoring Extn
22nd Feb 20172:00 pmRNSPrice Monitoring Extension
20th Jan 201711:51 amRNSOperational Update
12th Dec 20163:33 pmRNSOperational Update
17th Nov 201611:32 amRNSPlacing
16th Nov 20169:46 amRNSOperational update
31st Oct 20163:07 pmRNSGeneral Update
7th Oct 20169:49 amRNSOperational Update
28th Sep 20167:00 amRNSInterim Results
25th Aug 20164:40 pmRNSSecond Price Monitoring Extn
25th Aug 20164:35 pmRNSPrice Monitoring Extension
24th Aug 201612:44 pmRNSOperational update and change of management
22nd Aug 20164:40 pmRNSSecond Price Monitoring Extn
22nd Aug 20164:35 pmRNSPrice Monitoring Extension
18th Aug 201611:32 amRNSLicence Renewal and Operational Update
3rd Aug 20161:48 pmRNSHolding(s) in Company
28th Jul 20167:00 amRNSResult of AGM
19th Jul 201612:40 pmRNSLicence Renewal and Operational Update
11th Jul 20162:58 pmRNSHoldings in Company & Termination of Consultancy
11th Jul 20161:36 pmRNSHoldings in Company & Termination of Consultancy
28th Jun 20167:00 amRNSAudited results for financial year ended 31Dec2015
13th Jun 20167:12 amRNSPlacing and appointment of Joint Broker
18th May 20167:00 amRNSIssue of Equity
16th May 201612:31 pmRNSLicence Renewal and Operational Update
3rd May 20167:00 amRNSYangon show and opportunity in Asian markets
26th Apr 20165:24 pmRNSLicence Renewal and Operational Update
30th Mar 20168:12 amRNSRelated Party Transaction & update on Board Change
23rd Mar 201610:56 amRNSLicence Renewal Update
14th Mar 201612:37 pmRNSChange of Adviser
3rd Mar 20167:00 amRNSGeneral Meeting result
12th Feb 201610:10 amRNSSubscription
10th Feb 20169:22 amRNSBoard Changes, Update, Notice of General Meeting
7th Jan 20167:00 amRNSConclusion of Capital Raising Exercise
23rd Dec 20152:36 pmRNSOperational Update and Subscription
15th Dec 201512:03 pmRNSOperational Update
8th Dec 201511:00 amRNSOperational Update
24th Nov 20157:00 amRNSPlacing, Operational Updates and Board Changes
9th Oct 20157:00 amRNSLaunch of Capital Raising

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.