Herencia Resources Regulatory News (HER)

10 Jul 2006 15:49

Herencia Resources PLC10 July 2006 Herencia Resources plc Placement Herencia Resources announces that it has made a private placement tosophisticated investors to raise £571,000 from the issue of 38,066,667 ordinaryshares at a price of 1.5p per share. The funds raised from the private placement will be used for: • the proposed drilling and work programme on the Paguanta project commencing during the third quarter 2006; • the continuing work programme on the Iquique project; • new project developments; and • general working capital requirements. Further background details on the Company and its Iquique and Paguanta Projectscan be found at www.herenciaresources.com **ENDS** Contacts: Michael Bohm +61 8 9221 7466 This information is provided by RNS The company news service from the London Stock Exchange