21st Jan 2008 07:01
ZincOx Resources PLC21 January 2008 Press Release 21 January 2008 ZincOx Raises £20.4 million in an equity placing ZincOx Resources plc ("ZincOx" or the "Company") (Symbol ZOX) has raisedapproximately £20.4 million (US$40 million) before expenses in a placing (the "Placing") arranged by Numis Securities Limited ("Numis"). The Placing involvesthe issue of 7,800,000 new ordinary shares in the Company at a price of £2.62per share. Immediately following the Placing the total number of shares inissue will be 56,775,309. The proceeds from the Placing will be used toprogress the development of the Company's recycling projects. Placing Statistics Under the Placing, the Company has conditionally placed 7,800,000 new ordinaryshares of 25p each (the "New Shares") at a placing price of 262p per share toraise approximately £20.4 million before expenses. The Placing has been arrangedby Numis. The Placing is conditional, inter alia, upon the placing agreementbetween ZincOx and Numis becoming unconditional and not being terminated priorto 28 January 2008, the expected date of admission, or such later date (being nolater than 4 February 2008) which the Company and Numis may agree. The NewShares will rank pari passu in all respects with the existing ordinary shares of25 pence each in issue. It is expected that dealings in the New Shares willcommence on AIM on 28 January 2008. For more information please contact: Andrew WoollettZincOx Resources plcTel: +44 (0) 1276 [email protected] John Harrison / James BlackNumis Securities LtdTel : +44 (0) 207 260 [email protected] Charlie GellerConduit PRTel: +44 (0) 207 429 [email protected] This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Zincox Resources Plc