Landore Resources Limited Regulatory News (LND)

17 Apr 2007 10:00

Landore Resources Limited17 April 2007 LANDORE RESOURCES LIMITED (AIM Ticker: LND.L) Consolidated Press Group ("CPG") Subscribes For 17.5% of Landore Resources Limited ("Landore") Landore, the Canadian mining explorer, is pleased to announce that it has agreedto place 21,285,740 new ordinary shares of 1p each in the Company ("PlacingShares") with CPG at a placing price of 10p per Placing Share (the "Placing").The Placing will raise approximately £2.1 million which will be used to financeworking capital and exploration expenditure on Landore's Junior Lake NickelProject. The Placing Shares will represent approximately 17.5% of the enlarged issuedshare capital of Landore and will rank pari passu with the existing ordinaryshares of 1p each in the Company. The Placing is conditional upon passing of Resolutions 5 and 6 at Landore'sAnnual General Meeting to be held on 1 May 2007. Application will be made foradmission of the Placing Shares to trading on AIM, and is expected to take placeon 2 May 2007. Following completion of the Placing there will be 121,632,798 ordinary shares of1p each in issue. For more information please contact: Bill Humphries, Chairman Tel: 07734 681262Richard Prickett, Chief Executive Tel: 07775 651421Landore Resources Limited Simon RaggettStrand Partners Limited Tel: 020 7409 3494 David Bick Tel: 07831 381201 This information is provided by RNS The company news service from the London Stock Exchange