Last checked at 25 Feb 2015 11:27
Result of GM
Released : 25 February 2015
RNS Number :
Oracle Coalfields PLC
25 February 2015
25 February 2015
Oracle Coalfields PLC
("Oracle" or the "Company")
Result of General Meeting to approve Equity Placing
Oracle Coalfields PLC (AIM:ORCP), the UK coal developer of a 1.4 billion tonne lignite resource located in the south-eastern area of the Sindh Province, Pakistan, announces that, following the announcement of its £3.37m equity placing on 9 February 2015, a General Meeting was held today at 23 Hanover Square, Mayfair, London W1S 1JB to seek approval for the issue of 535,000,000 new ordinary shares of 0.1 pence each in the Company (the "New Shares").
The Directors of the Company confirm that all resolutions were passed.
Application has been made for the New Shares to be admitted to trading on AIM, with dealings in the New Shares expected to commence on or around 3 March 2015.
Ends
For further information:
Oracle Coalfields PLC Shahrukh Khan
| +44 (0) 203 102 4807 |
Brandon Hill Capital Limited Oliver Stansfield/Jonathan Evans
| +44 (0) 203 463 5000 |
Peterhouse Corporate Finance Charles Goodfellow
| +44 (0) 207 220 9791 |
Grant Thornton UK LLP Salmaan Khawaja / Richard Tonthat / Jamie Barklem
| +44 (0) 207 383 5100 |
Blytheweigh Tim Blythe / Halimah Hussain
| +44 (0) 207 138 3204 |
Fortbridge Consulting Matt Beale / Bill Kemmery | +44 (0) 7966 389 196 |