30th Jul 2009 15:29
For immediate release
30 July 2009
Niger Uranium Limited
("Niger Uranium", "NUL" or the "Company")
Placing update
On 6 July 2009 the Directors of Niger Uranium announced that the Company had conditionally placed up to 4,340,052 new ordinary shares (the "Ordinary Shares") at a placing price of 21p per Ordinary Share (the "Placing Price") to raise £911,411 before expenses (equivalent to approximately US$1.5 million at current exchange rates) subject to admission (the "Placing"). The Company has to date received completed applications in respect of 3,761,378 new Ordinary Shares to raise £789,889 at the Placing Price. Application will be made in due course to AIM in respect of these new Ordinary Shares and a further announcement will be made when the application has been submitted and the expected date of the commencement of trading of the new Ordinary Shares on AIM is known.
Contacts:
Niger Uranium Limited (Tel: +27 (0) 11 269-4900)
Ian Stalker, Executive Director and CEO
Beaumont Cornish Limited (Tel: +44 (0) 207 628 3396)
Michael Cornish
Or visit the group's website at www.niger-uranium.com
Related Shares:
Uru Metals