Placing

16 Nov 2006 12:54

Landore Resources Limited16 November 2006 16 November 2006 Landore Resources Limited Placing Raises £705,000 Landore Resources Limited (the "Company"), the mineral exploration anddevelopment company, predominantly based in Eastern Canada, today announces thatit has placed 7,343,748 new ordinary shares of 1p each in the Company ("PlacingShares") at a placing price of 9.6p per share (the "Placing") to finance workingcapital and exploration expenditure. The following Directors have subscribed for Placing Shares: Director Placing Shares Shareholding Percentage of subscribed immediately enlarged issued following share capital % admission of the Placing Shares Bill Humphries 781,250 9,823,314 9.79RichardPrickett 781,250 5,632,524 5.61CharlesWilkinson 208,333 854,047 0.85Helen Green 52,083 99,083 0.10James Garber 52,083 52,083 0.05 The Placing is conditional on admission of the Placing Shares to AIM.Application has been made for admission of the Placing Shares to trading on AIM,and is expected to take place on 23 November 2006. In total the Directors have subscribed for 25.5% of the Placing Shares, thebalance being placed with private and institutional investors. Enquiries: Bill Humphries, Chairman Tel: 07734 681262Richard Prickett, Chief Executive Tel: 07775 651421Landore Resources Limited www.landore.com Simon Raggett Tel: 020 7409 3494Strand Partners Limited David Bick Tel: 07831 381201Holborn Public Relations Limited This information is provided by RNS The company news service from the London Stock Exchange