21st Mar 2006 08:58
Beowulf Mining PLC21 March 2006 BEOWULF MINING PLC NEWS RELEASE Private Placing The Company wishes to announce a private placing raising £500,000 beforeexpenses via the issue of 10,000,000 shares at 5p per share to City EquitiesLimited who will, following the allotment and issue of the shares on 31 March2006, be interested in 10,000,000 ordinary shares in the capital of the Companyor 15.25%. Funds raised will be applied towards advancing the Company's explorationprojects in Sweden and general working capital purposes. Application will be made for the new ordinary shares to be admitted to tradingon AIM and it's expected that admission will take place on 3rd April 2006.Following the placing there will be 66,098,247 shares in issue. For further information contact:- Dr. Robert Young, ChairmanBeowulf Mining Plc Tel: +44 (0)1353 649 701 Gavin BurnellRuegg & Co. Limited Tel: +44 (0)207 584 3663 Nick BealerKing & Shaxson Capital Limited Tel: +44 (0)207 426 5986 Gary Middleton Tel. +44 (0)207 929 4391St Swithins PR Ltd This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Beowulf