Rift Helium Regulatory News (RIFT)

12 Feb 2007 16:01

Rift Oil PLC12 February 2007 For immediate release 12 February 2007 RIFT OIL PLC Share Placing Raises £1.425m The Directors are pleased to announce that application will be made foradmission to trading on AIM for 47,500,000 new ordinary shares of 1p each, to beallotted by way of subscription at 3p per share to raise £1,425,000. The newshares are accompanied by warrants to subscribe for further shares, on the basisof one warrant for every two new ordinary shares, exercisable at 5p per sharebetween one and five years from the date of issue. Admission is expected to takeplace on 23 February 2007. The proceeds of the subscription will be appliedtowards the Company's general working capital requirements. For further information please contact: Rift Oil PLC 020 73409970 David Lees, Finance Director Buchanan Communications 020 7466 5000 Tim Anderson Isabel Podda This information is provided by RNS The company news service from the London Stock Exchange