Placing, Total Voting Rights & Grant of Options (5298C)
May 02 2012 - 2:00AM
UK Regulatory
TIDMPGR TIDMPGW
RNS Number : 5298C
Premier Gold Resources PLC
02 May 2012
Embargoed: 0700hrs, 2 May 2012
Premier Gold Resources plc
("Premier Gold" or the "Company")
Placing of Shares,
Total Voting Rights
&
Grant of Options
Premier Gold, the Central Asia-focused gold exploration and
development company, today announces that it has raised gross funds
of GBP350,000 through a placing of 70,000,000 new ordinary shares
at 0.5 pence per share, predominantly with institutional
investors.
The funds will be used to advance exploration work at the
Cholokkaindy gold project in Kyrgyzstan. This work will include
further geochemistry, conventional trenching as well as continuous
profiling using a bulldozer, which also is needed to prepare sites
for diamond drilling.
Richard Nolan, Chief Operating Officer, commented:
"The board recognises the support of existing shareholders and
the willingness shown by new investors in the recent fundraise, the
proceeds of which will be utilised on an aggressive exploration
programme on the Cholokkaindy licence to include diamond drilling
on two of the four gold prospects already identified within the
licence."
Application has been made for the 70,000,000 new ordinary shares
to be admitted to trading on AIM. Admission is expected on 8 May
2012. Following the issue of the 70,000,000 new ordinary shares,
the total number of ordinary shares in issue will be 682,078,458.
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 under the Financial
Services Authority's Disclosure and Transparency Rules.
Grant of Options
The Company, at a board meeting on 3 April 2012, decided to
implement a share option plan. In the same meeting it decided that
it would grant options over 40,000,000 ordinary shares to directors
(the "Options"). The Options were to be granted on conclusion of a
planned placing, with the exercise price to be set at the placing
price of such placing. The Options have now been granted and are
exercisable at 0.5 pence per share, being equal to the above
placing price, and at any time after the exercise date stated
below.
Name Total Total Number Exercisable Total options
options options from held after
held prior granted today's
to today's grant
grant
Gerry Desler 4,250,000 10,000,000 4,000,000 Now 14,250,000
3,000,000 30/4/2013
3,000,000 30/4/2014
Richard Nolan 0 10,000,000 4,000,000 Now 10,000,000
3,000,000 30/4/2013
3,000,000 30/4/2014
Christian
Schaffalitzky 0 10,000,000 4,000,000 Now 10,000,000
3,000,000 30/4/2013
3,000,000 30/4/2014
Reza Tabrizi 0 10,000,000 4,000,000 Now 10,000,000
3,000,000 30/4/2013
3,000,000 30/4/2014
Enquiries:
Premier Gold Resources Plc
Gerry Desler, Chairman / Richard Tel: +44 (0)
Nolan, COO 1279 731037
Libertas Capital Corporate Finance
Limited - Nominated Adviser
Thilo Hoffmann / Sandy Jamieson Tel: +44 (0)
20 7569 9650
Rivington Street Corporate Finance
- Broker
Jon Levinson Tel: +44 (0)
20 7562 3384
M: Communications
Ben Simons / Matthew Neal Tel: +44 (0)
20 7920 2340
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDMGGKVMNGZZM
Phoenix Global Resources (LSE:PGR)
Historical Stock Chart
From Oct 2024 to Nov 2024
Phoenix Global Resources (LSE:PGR)
Historical Stock Chart
From Nov 2023 to Nov 2024
