14th Mar 2007 15:19
Cluff Gold PLC14 March 2007 14 March 2007 AIM: CLF Cluff Gold plc ("Cluff" or the "Company") Completion of Placing The Company is pleased to announce that, conditional only upon approval ofcertain resolutions by the shareholders of the Company at an ExtraordinaryGeneral Meeting at 10am on 16 March 2007 ("EGM") (more details of which are setout in the announcement made by the Company on 21 February 2007), it has raised£15,368,000 (approximately US$29.8million), before expenses, by way of aplacing, by BMO Capital Markets, WH Ireland Limited and Smith's CorporateAdvisory Limited, of 22,600,000 new ordinary shares of 1p each ("Placing Shares") at 68p per share (the "Placing"). Application will be made for the Placing Shares to be admitted to AIM anddealing in the Placing Shares is expected to commence on 20 March 2007. The total number of issued ordinary shares in the Company, following the Placingwill be 68,727,531. As previously announced, the net proceeds of the Placing will be used to fundthe investigation of both the existing and potential mineralised target zones atthe Baomahun project in Sierra Leone; the construction and bringing intoproduction of the Angovia heap leach project in Cote d'Ivoire; the constructionand bringing into production of the Kalsaka heap leach project in Burkina Faso;the continuing exploration programmes at Karbasso, Mali and at Angovia; and forgeneral working capital purposes. For further information, please contact: J.G. Cluff / Charles Lutyens; Cluff Gold plc Tel: 0207 340 9790 David Youngman/Katy Mitchell; WH Ireland Limited Tel: 0161 832 2174 William Smith; BMO Capital Markets Tel: 0207 664 8120 Cathy Malins / Annabel Leather; Parkgreen Comms. Tel: 020 7851 7480 Jonathan Martin Smith/ Tanya Chikanza;Smith's Corporate Advisory Tel: 020 7239 0146 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Amara Mining