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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gippsland | LSE:GIP | London | Ordinary Share | AU000000GIP1 | ORD SHS NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 2.125 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 6151X
Gippsland Limited
27 June 2008
27 June 2008
GIPPSLAND LIMITED
PLACING OF SHARES
Gippsland Limited (ASX & AIM: "GIP") today announces that it has completed a placing of 12,655,553 million fully paid ordinary shares
("Placing Shares") to UK institutional investors at a price of 4.5 pence (approximately 9.35 Australian cents) per ordinary share to raise
the sum of UK£569,500 (approximately A$1,172,515) before costs and expenses ("Placing"). The Placing was undertaken by the Company's joint
UK brokers Seymour Pierce Limited and Fox-Davies Capital Limited.
The Placing Shares will rank pari passu with all existing fully paid ordinary shares in the Company. Application has been made for the
Placing Shares to be admitted to trading on AIM and the Australian Stock Exchange with trading expected to commence on 1 July 2008. The
total number of ordinary shares on issue following admission will be 306,354,325.
The funds raised under the Placing will be used for working capital purposes and for the further development of the Company's 40 million
tonne Abu Dabbab tantalum-tin project.
RJ (Jack) Telford
Executive Chairman
Gippsland Limited
www.gippslandltd.com
For further information please contact:
Jack Telford
Gippsland Limited
T: +61 8 9340 6000
E: jtelford@gippslandltd.com
Jane Stacey Richard Hail
Investor Relations Fox-Davies Capital Limited
M: +44 792 292 3306 T: +44 20 7936 5200
E: jane@conduitpr.com E: richard.hail@fdcap.com
Ed Portman John Gilbert
Investor Relations Fox-Davies Capital Limited
M: +44 792 292 3307 T: +44 20 7936 5200
E: ed@conduitpr.com E: john.gilbert@fdcap.com
Warrick Hazeldine Nandita Sahgal
Investor Relations Seymour Pierce Limited
M: +61 417 944 616 T: +44 20 7107 8000
E: whazeldine@purplecom.com.au E: nanditasahgal@seymourpierce.com
Matthew Thomas Asa Bridle
Seymour Pierce Limited Seymour Pierce Limited
T: +44 20 7107 8000 T: +44 20 7107 8000
E: matthewthomas@seymourpierce.com E: asabridle@seymourpierce.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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