Galileo Resources PLC Issue of Equity (1100V)
05 Agosto 2015 - 8:00AM
UK Regulatory
TIDMGLR
RNS Number : 1100V
Galileo Resources PLC
05 August 2015
Galileo Resources PLC
AIM: GLR
ISIN: GB00B115T142
5 August 2015
Galileo Resources Plc
("Galileo" or the "Company")
Placing of Ordinary Shares to Raise GBP375,000
The directors of Galileo are pleased to announce that it has
completed a placing ("Placing") of 31,250,000 new ordinary shares
of 0.1 pence each ("Ordinary Shares") in Galileo (the "Placing
Shares") to raise GBP375,000 before expenses at a placing price of
1.2 pence per Placing Share, through the Company's broker Beaufort
Securities Limited.
The net proceeds of the Placing will be utilised towards working
capital, including payment of annual licence fees on its properties
in Nevada USA.
Application will be made for the Placing Shares to be admitted
to trading on AIM ("Admission"), which is expected to take place on
or about 19 August 2015.
The Placing Shares have been issued as fully paid and rank pari
passu in all respects with the existing Ordinary Shares, including
the right to receive all dividends and other distributions declared
on or after the date on which they are issued.
Total voting rights
Following Admission, the Company's total issued share capital
will comprise 155,752,721 Ordinary Shares. As the Company does not
hold any Ordinary Shares in treasury, this figure 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 to their interest in, the share capital of
the Company following Admission.
A copy of this announcement is available on the Company's
website www.galileoresources.com
For further information, please contact:
Colin Bird, Chairman Tel +44 (0) 20 7581 4477
Andrew Sarosi, Technical Tel +44 (0) 1752 221937
Director
Beaumont Cornish Limited Tel +44 (0) 20 7628 3396
- Nomad
Roland Cornish
Beaufort Securities Limited - Broker Tel +44 (0) 20 7382 8416
Jon Belliss / Elliot Hance
This information is provided by RNS
The company news service from the London Stock Exchange
END
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