We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Libra Natural | LSE:LNR | London | Ordinary Share | GB00B06CJZ79 | ORD 0.2P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 30.05 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:6462W Libra Natural Resources PLC 16 May 2007 Press Release 16 May 2007 Libra Natural Resources plc ("LNR" or "the Company") Institutional placing to raise #3.5 million Libra Natural Resources plc (AIM: LNR), the international company that acquires and invests in waste-to-energy assets, is pleased to announce that following an institutional road show, 35,000,000 new ordinary shares in the Company ("Placing Shares") have been conditionally placed with a number of institutional investors at a price of 10p per Placing Share, raising a total of #3,500,000 for the Group ("the Placing"). The proceeds of the Placing will be used to provide working capital and enable the company to further exploit the increasing growth and investment opportunities within LNR's wood pellet business, in line with the strategy announced on 18 December 2006. Specifically, the Placing will allow LNR to further upgrade and develop its two existing wood pellet facilities in British Columbia, Canada, as well as, where appropriate, to fund future expansion of its international operations in this area, through selective acquisitions. This further investment in this division follows an exceptional first quarter performance from the business and reaffirms the commercial rationale behind LNR's growing emphasis and commitment to this area of the Company's operations. Peter Greensmith, CEO of LNR, said: "This placing is significant not only because it will further increase the already considerable production and earnings performance and potential of our operations in British Columbia, but also because it has given your Company the opportunity to attract a number of new institutional investors. We are particularly pleased to have gained support from several blue-chip, UK institutional investors, who clearly share your Board's belief in the enormous opportunity that exists in LNR's portfolio, especially our wood pellet operations. This enhancement of LNR's shareholder base represents a major step forward for the Company, and we look forward to working alongside our new shareholders, as we continue to aggressively grow our business. "The proceeds will have considerable benefits to the operations of the wood pellet division, as we continue to build and strengthen this business area. We are committed to building your Company into one of the world's leading producers of wood pellets, and shareholders can expect further developments of this strategy being announced with LNR's 2006 results statement next month." The Company will shortly issue an explanatory circular to shareholders convening the EGM to approve the Placing. For further information: Libra Natural Resources plc Peter Greensmith, Chief Executive Tel: +44 (0) 20 7877 5052 Media enquiries: Abchurch Franziska Boehnke / Joanne Shears Tel: +44 (0) 20 7398 7700 joanne.shears@abchurch-group.com www.abchurch-group.com Notes to Editors: Libra Natural Resources plc is a company which invests in, or acquires, commercialised assets, businesses or companies involved in the alternative energy sector. The Company listed on the AIM market of the London Stock Exchange in March 2005. Libra's successful green fuel strategy currently concentrates on three waste-to-energy concepts: waste coal, waste wood and waste gas. For further information on the Company, please see www.lnrplc.com This information is provided by RNS The company news service from the London Stock Exchange END IOEEASSSFLPXEFE
1 Year Libra Natural Resources Chart |
1 Month Libra Natural Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions