Issue of Equity

 

TIDMGIP 
 
RNS Number : 1408O 
Gippsland Limited 
02 March 2009 
 

3 March 2009 
 
 
Gippsland Limited 
("Gippsland" or "the Company") 
 
 
 
 
Placing of Shares 
 
 
Gippsland is pleased to announce that the Company has raised A$100,000 (circa 
GBP45,000) by way of a placing of 4,545,454 fully paid ordinary shares ("Placing 
Shares") to Australian private investors at a price of A$0.022 (approximately 
one 1 UK penny) per share . 
 
 
The Placing Shares will rank pari passu with all existing fully paid ordinary 
shares ("Ordinary Shares") in the Company.  Application has been made for the 
Placing Shares to be admitted to trading on the Australian Securities Exchange 
("ASX") with trading expected to commence on ASX on 6 March 2009. 
 
 
The Company's Ordinary Shares are currently suspended from trading on AIM 
following the announcement on 11 February 2009 detailing the resignation of 
Gippsland's Nominated Adviser. Application has however been made for the Placing 
Shares to be admitted to trading on AIM, to become effective on restoration of 
trading in the Company's Ordinary Shares on AIM. The total number of Ordinary 
Shares in issue following admission will be 327,979,779. 
 
 
The funds raised via the Placing will be used to augment short term working 
capital requirements. 
 
 
 
 
RJ (Jack) Telford 
Executive Chairman 
Gippsland Limited 
www.gippslandltd.com 
 
 
For further information, please contact: 
 
 
Jack Telford 
T: [phone] 
E: [e-mail] 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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