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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Golden Saint | LSE:GSR | London | Ordinary Share | VGG3960L1085 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.018 | 0.017 | 0.019 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jun 2019 to Jun 2024
TIDMGSR
RNS Number : 4780P
Golden Saint Resources Ltd
17 November 2016
17 November 2016
Golden Saint Resources Ltd
("Golden Saint" or the "Company")
Placing
The board of Golden Saint (AIM:GSR) ("Board") is pleased to announce that on 17 November 2016 the Company raised GBP400,000 before expenses, by way of a placing ("Placing") of 1,333,333,333 new Ordinary Shares of no par value in the Company ("Placing Shares") at a placing price of 0.03 pence per share (being a discount of approximately 29.4 per cent. to the closing middle market price of 0.0425 pence per ordinary share of no par value in the Company ("Ordinary Share") on 16 November 2016, being the last practicable date prior to finalising the Placing).
The Placing is conditional only upon admission of the Placing Shares to trading on AIM and has been carried out within the Company's existing share authorities.
The Company intends to use the net proceeds of the Placing to further develop its exploration programs by providing general working capital for its bulk sampling operations and for the purchase of plant and equipment.
The Placing Shares will rank pari passu with the existing Ordinary Shares and application has been made for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares will commence at 8.00 a.m. on 24 November 2016.
Following Admission of the Placing Shares, the Company's issued share capital will consist of 5,835,056,581 Ordinary Shares with voting rights. There are no Ordinary Shares held in treasury. This number 5,835,056,581 may be used by shareholders, following Admission, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules, of which the Company has incorporated Chapter 5 into its articles of association.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information please contact:
Golden Saint Resources Ltd Keng Hock Seah +618 6145 4400 Beaumont Cornish Limited Roland Cornish / Emily Staples +44 (0) 20 7628 3396 SVS Securities Plc Tom Curran / Ben Tadd +44 (0)203 700 0093 Cassiopeia Services LTD Stefania Barbaglio +44 (0)7949690338
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
November 17, 2016 06:32 ET (11:32 GMT)
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