Tertiary Minerals PLC
14 December 2005
TERTIARY MINERALS PLC
Further to the announcement made on 7 December 2005, the Company has today made
application for 5,000,000 new ordinary shares in the Company to be admitted to
trading on AIM.
These shares have been issued at a subscription price of 10p per share pursuant
to the terms of a Preliminary Agreement with a consortium of Saudi Arabian
investors to provide a funding package of up to US$7 million for the completion
of Preliminary and Bankable feasibility studies for the development of the
Companys world-class Ghurayyah tantalum-niobium project in Saudi Arabia.
2,500,000 of the new shares have been issued to each member of the consortium,
namely A.H.Algosaibi & Bros. Co. and AlNahla Trading & Contracting Co.
Dealings in the new ordinary shares are expected to commence on 20 December
This information is provided by RNS
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