Petrel Resources Regulatory News (PET)

6 Mar 2007 07:01

Petrel Resources PLC06 March 2007 Petrel Resources PLC Petrel Resources is pleased to confirm that it has placed 1,555,917 new ordinaryshares of euros 0.0125 each at a price of 50p per share, conditional only onAdmission. In addition the company has agreed to issue and allot 77,796 newordinary shares to financial intermediaries who assisted in the placing. The Company has today submitted an application for the 1,633,713 new ordinaryshares to be admitted to AIM. The net proceeds amounting to approximately £ 775,000 will be applied towardsadditional working capital. It is expected that dealings in the New Ordinary Shares will commence witheffect from Wednesday 7 March 2007. Enquiries: David Horgan, Managing Director + 353 87 292 3500 John Wakefield, Director, Corporate Synergy Plc +44 (0) 117 933 0020 This information is provided by RNS The company news service from the London Stock Exchange