7th Dec 2006 13:38
Crescent Hydropolis Resorts PLC07 December 2006 CRESCENT HYDROPOLIS RESORTS PLC ANNOUNCEMENT (for immediate release) New Equity Issue The Directors of Crescent Hydropolis Resorts Plc announce that the Company hastoday placed 895,000 Ordinary Shares with two German investors at €0.56 (38p)per Ordinary Share to raise €500,000 net to the Company. Application will be made for these Ordinary Shares to be admitted to trading onAIM. Save as disclosed, there is no other relevant information required underAIM Rules. The Company further announces that it has issued a warrant for Ordinary Shares(Warrant) for investors of the Company to purchase up to an additional 671,250Ordinary Shares at €0.79 (54p). The Warrant may be exercised at a time notearlier than February 6, 2007 and not later than December 6, 2009, and whenfully exercised, would raise an additional €530,000 net to the Company. For further information, please contact: Alfred Wuttke Mansoor Ijaz Chief Executive Deputy Chairman [email protected] [email protected] 7 December 2006 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Citius Resources