Non Renounceable Rights Issue

    RNS Number : 5214D
  Zambezi Resources Ltd
  16 September 2008
   

    16 September 2008
    Zambezi Resources Limited

    Non Renounceable Rights Issue

    In accordance with the timetable in the Rights Issue Prospectus announced on  31 July 2008, and further to the announcement of 8
September 2008, Zambezi Resources Limited ("Zambezi" or the "Company") (AIM: ZRL; ASX:ZRL) confirms the following :  
                                                          Shares     Options
 Number of securities available under the rights issue  33,004,167  11,001,389
 Number of securities taken up by eligible               4,436,593   1,478,864
 shareholders
 Shortfall securities                                   28,567,574   9,522,525
 Shortfall applications allotted                           602,535     200,761
 Shortfall shares still to be allocated                 27,965,039   9,321,764
    Zambezi has received total proceeds of AUD$ 625,000 (or �290,000) under the rights issue.  


    Lloyd Flint
    CFO


    For Further Information please contact:

 Julian Ford, Managing Director   Jeremy Wrathall, Non-Executive Director 
 Zambezi Resources (Australia)    Zambezi Resources (London) 
 +61 (08) 9216 9000               Mob: +44 7712 776 100
 +61 (0) 418 949 580

 Fiona Owen                       Simon Edwards / Adam Lloyd 
 Grant Thornton UK LLP            Evolution Securities Ltd
 +44 20 7383 5100                 + 44 20 7071 4300





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