Vatukoula Gold Mines PLC Completion of Second Tranche of Placing (9431H)
27 Juin 2013 - 8:00AM
UK Regulatory
TIDMVGM
RNS Number : 9431H
Vatukoula Gold Mines PLC
27 June 2013
27 June 2013
Vatukoula Gold Mines plc.
("Vatukoula", "VGM" or "the Company")
Completion of Second Tranche of Placing
Vatukoula Gold Mines Plc, announces that the Company has
completed the second tranche of the placing announced on 20 May
2013.
On 20 May 2013 Vatukoula announced it had entered into a
subscription agreement with SCD Energy Inc., ("the Subscriber"),
which is an indirectly wholly owned subsidiary of DRK Energy Co.,
Limited ("DRK") whereby the Subscriber subscribed for 30,000,000
new ordinary shares in the Company at a price of GBP0.15 per share
(the "Subscription Shares") to raise GBP4.5 million (the
"Subscription Agreement"). The Subscription Shares will represent
approximately 19.2% of the enlarged issued share capital of the
Company.
The Subscription Agreement was to be completed via the issue of
two equal tranches of 15,000,000 (GBP2.25 million). The first
tranche was completed on 23 May 2013 and the second tranche has now
been completed.
The Company will apply for the first tranche of shares to be
admitted to AIM and admission is expected on 2 July 2013 May.
Following admission of the first tranche of placing shares, the
Company's enlarged issued share capital will comprise 156,358,339
Ordinary shares with one voting right per share. There are no
shares held in treasury. The total number of voting rights in the
Company is therefore 156,358,339 new Ordinary shares.
This figure of 156,358,339 Ordinary Shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FSA's Disclosure and Transparency Rules.
-Ends-
Enquiries:
Vatukoula Gold Mines plc Pelham Bell Pottinger
+ 44 (0)20 7440 + 44 (0)20 7861
David Paxton 0643 Charles Vivian 3232
Kiran Morzaria Daniel Thöle
W.H. Ireland Limited Daniel Stewart
+ 44 (0)20 7220 +44 (0)20 7776
James Joyce 1666 Colin Rowbury 6550
James Bavister
This information is provided by RNS
The company news service from the London Stock Exchange
END
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