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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Lionsgold | LSE:LION | London | Ordinary Share | GG00B3M9KL68 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.65 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKGLD
RNS Number : 4131F
Kolar Gold Limited
27 July 2016
Kolar Gold Limited
(the "Company")
Result of General Meeting and Director's Dealing
Kolar Gold Limited (LON: KGLD), the AIM-quoted India gold exploration and mine development company, is pleased to announce that at the extraordinary general meeting held today all resolutions were duly passed.
The passing of the resolutions enables the completion of the placing announced on 12 July 2016, which will raise gross proceeds of GBP900,000 at 1.1p per share through the issue of 81,181,812 new ordinary shares (the "Placing Shares").
The resolutions also included approval, inter alia, for: (i) the appointments of Cameron Parry and Luke Cairns as directors of the Company, which will take effect on admission of the Placing Shares to AIM; and (ii) the redesignation of the ordinary shares of 7p in the capital of the Company as ordinary shares of no par value.
As also previously disclosed on 12 July 2016, the Company has also today issued 5,000,000 new ordinary shares to Cameron Parry as part of his remuneration package ("Remuneration Shares") on his appointment as a director of the Company. Following the transaction, including his participation in the placing, Cameron Parry's total holding in the Company is 7,000,000 shares, representing approximately 3.62% of the issued share capital of the Company.
The Placing Shares and the Remuneration Shares have been issued and allotted, conditional only on admission to AIM. Application has been made for the Placing Shares and Remuneration Shares to be admitted to trading on AIM and it is expected that dealings will commence on 28 July 2016. Following admission, the Company's enlarged issued ordinary share capital will comprise 193,111,719 ordinary shares of no par value. This is the total voting rights figure that may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interests in, the Company.
For further information, please visit www.kolargold.com.au or contact:
Harvinder Hungin Tel: 01481 702 400 Chairman Tim Feather / Liam Gribben Tel: 0113 394 6600 WH Ireland Limited (Nominated Adviser) Rupert Williams Tel: 020 3651 2911 Vicarage Capital Limited (Broker) Edward Portman Tel: 020 7920 3150 Tavistock (Financial PR)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
July 27, 2016 09:04 ET (13:04 GMT)
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