Issue of Equity

RNS Number:7261P
Capricorn Resources PLC
12 September 2003

    Capricorn Resources Plc: CIR / Index: AIM / Sector: Mining & Exploration


For immediate release 12 September 2003


                    CAPRICORN RESOURCES PLC RAISES #150,000
                             THROUGH PRIVATE PLACING

Capricorn Resources Plc ("the Company"), the AIM listed mining and exploration
company, has raised #150,000 through a private placing of 10,000,000 new
ordinary 0.1 pence shares at a price of 1.5 pence per share. The placing was
taken up in full by a Bermudan based company representing the interests of the
family of Thomas Kaplan. The holding represents 16% of the issued share capital
of the Company

Capricorn Resources Plc Chairman Phil Edmonds said: "We are very pleased to
welcome the Thomas Kaplan family interests as investors in Capricorn Resources.
We are actively looking for resource projects in Southern Africa that fit our
investment criteria, and we hope to be able to make an announcement in the not
too distant future."

Application for the shares to be traded on AIM has been made, with trading
expected to start on 18 September 2003.


                                 ** E N D S **


Issued on behalf of Capricorn Resources Plc by St Brides Media & Finance Ltd, 46
Bedford Row, London WC1R 4LR.

Contacts:

Phil Edmonds               Capricorn Resources Plc          Tel: [phone]
Hugo de Salis              St Brides Media & Finance Ltd    Tel: [phone]



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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