8th Aug 2012 10:29
8 August 2012 TANGIERS PETROLEUM LIMITED AUD$0.85 MILLION PLACEMENT
Tangiers Petroleum Limited (the Company) announces that it has completed a private placement book build to raise approximately AUD$0.85 Million through the issue of approximately 2.57 Million shares at AUD$0.33/GBP£0.22.
Investors from the United Kingdom and Australia participated in the offer. The proceeds of the placement are intended to be used for general working capital.
Application will be made for the placement shares to be admitted to trading on both the ASX and AIM. Trading in new shares is expected to commence on AIM/ASX on or around 14 August 2012.
KRYSTEL KIROUJoint Company SecretaryTangiers Petroleum LimitedLevel 6, 5 Mill StreetPerth WA 6000, AustraliaPh: +61 8 9485 0990 www.tangierspetroleum.comContactsMr Mark CeglinskiChairman+61 8 9485 0990 RFC Ambrian Limited (Nominated Adviser)Mr Stuart Laing+61 8 9480 2506Old Park Lane Capital PLC (Joint AIM Broker)Mr Michael ParnesMr Luca Tenuta+ 44 20 7493 8188Shore Capital Stockbrokers Ltd (Joint AIM Broker)Mr Jerry KeenMr Bidhi Bhoma+ 44 20 7408 4090Casimir Capital (Principal American Liaison)Mr Stephen Silver+1 212 798 1372
Mr Paul Youens / Mr Ed Portman (Media and Investor Relations - United Kingdom) Tavistock Communications +44 20 7920 3150
Mr Bill Kemmery Fortbridge Consulting +61 400 122 449
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