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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Woodburne Sq | LSE:WSAG | London | Ordinary Share | GB00B01B0B28 | ORD 0.4P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMWSAG
RNS Number : 9575B
Woodburne Square AG PLC
28 February 2011
28 February 2011
Woodburne Square Ag plc
("Woodburne Square" or the "Company")
Placing and Loan Note Agreement
The Board of Woodburne Square, the silver and precious metals focused investment company, is pleased to announce, following further demand from institutional investors, that it has raised GBP605,000, before expenses. Of the total amount raised, GBP365,000 is being raised via a placing of 6,952,381 new ordinary shares of 0.4p in the Company at 5.25p a share ("Placing Shares"), and GBP240,000 is being raised via the issuance of new convertible loan notes (the "Loan Notes"). The Loan Notes do not carry a coupon, are redeemable in December 2012 and are convertible at any time, at the discretion of the note holder, into new ordinary shares at 5.25p per share ("Conversion Price").
The Placing Shares will rank pari passu with the existing ordinary shares of 0.4p each in the Company. Application has been made for admission of the Placing Shares to trading on AIM. Admission is expected to occur on 04 March 2011.
The new funds will be used to make further investments in high quality silver companies listed on the TSX and ASX, together with some special situations in gold.
Martin Kiersnowski, Chairman commented: "We are delighted to have raised these new funds, which will help us build on the momentum achieved to date. Our investment strategy is already showing growth, thanks to the astute decisions made by our CIO Tom Winnifrith."
For further information please contact
Woodburne Square Ag plc
Martin Kiersnowski, Chairman
Tel: 0207 562 3350
Libertas Capital Corporate Finance Limited
Sandy Jamieson
Tel: 0207 569 9650
Rivington Street Corporate Finance
Dru Edmonstone
Tel: 020 7562 3350
Bishopsgate Communications
Laura Stevens/Giang Nguyen
Tel: 0207 562 3350
This information is provided by RNS
The company news service from the London Stock Exchange
END
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