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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gma Resources | LSE:GMA | London | Ordinary Share | GB0032875873 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.12 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3629Q GMA Resources PLC 30 September 2003 For Release 30th September 2003 GMA Resources Plc Proposed Placing of New Ordinary Shares and Notice of Extraordinary General Meeting GMA Resources Plc ("the Company"), the gold mining company, announces that it is proposing to raise #3.25 million (before expenses) through a placing of 13 million new ordinary shares of 1p each in the Company (" New Ordinary Shares") at a price of 25p per share ("the Placing"). The net proceeds of the Placing will provide additional working capital for the Company and the issue of the New Ordinary Shares will increase the proportion of the Company's issued shares in public hands. The placing is to be implemented in two stages. 5 million new ordinary shares will be placed, subject, inter alia, to such shares being admitted to trading on the Alternative Investment Market, which is expected on 6 October 2003. The placing of these shares is not subject to the grant of new section 80 and 89 authorities. The remaining 8 million new ordinary shares have been placed conditionally, inter alia, on the grant of new section 80 and 89 authorities authorising their allotment and such shares being admitted to trading on the Alternative Investment Market, which is expected on 27 October 2003. An extraordinary general meeting has been convened at which shareholder approval will be sought to increase the Directors' authorities to issue ordinary shares to enable the Company to allot 8 million of the new ordinary shares pursuant to the second stage of the placing and to provide them with sufficient flexibility to allot shares in the future without the need to obtain shareholders' consent. The Placing is being undertaken by the Company's broker, Canaccord Capital (Europe) Limited. The Company is today posting a circular to shareholders relating to the placing and extraordinary general meeting. Copies of the circular will be available to the public free of charge from the offices of Canaccord Capital (Europe) Limited at 1st Floor, Brook House, 27 Upper Brook Street, London W1K 7QF during normal business hours on any week day (excluding Saturdays and public holidays) for the one month period following the date of this announcement. Application will be made for the New Ordinary Shares to be admitted to trading on AIM. The New Ordinary Shares will, when issued, rank pari passu in all respects with the existing ordinary shares of 1p each in the Company. For further information contact: GMA Resources Tel: + 33 678 389 762 Colin Ikin, Chief Executive Binns & Co PR Ltd Tel: 020 7786 9600 Peter Binns This information is provided by RNS The company news service from the London Stock Exchange END MSCBUGDCIDXGGXG
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