Completion of Placing

9 Mar 2007 14:38

Melrose Resources PLC09 March 2007 FOR IMMEDIATE RELEASE 9 March 2007 MELROSE RESOURCES PLC ("the Company") Completion of Placing Further to the Company's announcement of 5 March 2007, Melrose Resources plc(LSE: MRS) announces the completion today of the placing of 7,000,000 newordinary shares of 10p each at a price of 385 pence per share to raise netproceeds of approximately £26.5 million. For further information please contact: Melrose Resources plc 0131 221 3360Robert Adair, Executive ChairmanMunro Sutherland, Finance Director Oriel Securities Limited 020 7710 7600David ArchMichael Shaw Bell Lawrie 0141 221 7733Jamie Cumming Buchanan Communications Limited 020 7466 5000Tim ThompsonBen Willey or visit www.melroseresources.com This information is provided by RNS The company news service from the London Stock Exchange