MIRA.L Regulatory News (MIRA)

1 Sep 2006 07:01

Yoomedia PLC01 September 2006 YooMedia plc ("YooMedia" or "the Company") Placing The Company is pleased to announce that it has conditionally raised £700,000(gross) through a placing of 35,000,000 new ordinary shares of 1p each with anexisting institutional shareholder at 2p per share. As part of the placing, theplacee will receive warrants to subscribe for 3,900,000 new ordinary shares at1.75p per share, exerciseable at any time until three years from issue. Thenet funds raised will provide additional working capital. Application has been made for the admission of the 35,000,000 ordinary shares of1p each to trading on AIM and admission is expected to be effective on 6September 2006. * * ENDS * * Contacts: Neil MacDonald YooMedia PLC Tel: 020 7462 0870Isabel Crossley St Brides Media & Finance Ltd Tel: 020 7242 4477Mark Percy Seymour Pierce Limited Tel: 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange