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GMC Gaia Metals Corp

0.07
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Gaia Metals Corp CSE:GMC CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.07 0.065 0.07 0 00:00:00

Issue of Equity

26/11/2003 7:05am

UK Regulatory


RNS Number:4966S
Gaming Corporation PLC
26 November 2003


                             Gaming Corporation plc
                                        
                                        
                                 Issue of Equity



Gaming Corporation plc (the "Company") has today placed 26,000,000 new ordinary
shares of 1p each ("Placing Shares") with certain investors and Directors at a
price of 2p per ordinary share (the "Placing"). The gross proceeds of the
Placing are #520,000 and will be used by the Company to provide additional funds
for acquisitions and the continued growth of the Company's gaming operations.


The following Directors took part in the placing:

Director                No. of Placing       No. of Ordinary       % of Enlarged
                              Shares             Shares held        Issued Share
                                               following the           Capital
                                                   Placing
Jason Drummond             2,750,000            20,559,236                15.5%
Justin Drummond            1,500,000             4,855,487                 3.7%
Peter Williams               250,000             4,280,007                 3.2%
Charles Black                250,000             5,144,992                 3.9%
Damion Greef                 250,000             2,561,111                 1.9%


The Placing Shares will represent approximately 19.5 per cent. of the Company's
enlarged issued share capital immediately following the Placing. Application
will be made for the Placing Shares to be admitted to trading on AIM and
dealings in the shares are expected to commence on Tuesday 2 December 2003.


As part of the Placing, the Company has agreed to grant Lance Leman warrants
over 1,000,000 shares at an exercise price of 2p per share in connection with
advisory services provided as part of the Placing.


26 November 2003


For additional information, please contact:


Justin Drummond, Gaming Corporation plc

Tel: 020 7349 4300

E-mail: justindrummond@gamingcorp.net


Damion Greef, Gaming Corporation plc

Tel: 07736 381 030

E-mail: damiongreef@gamingcorp.net


Robert Collins, Evolution Beeson Gregory

Tel: 020 7071 4300

E-mail: robert.collins@evbg.com






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

END
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