27th May 2005 12:08
White Nile Limited27 May 2005 WHITE NILE LIMITED ("White Nile" or "the Company") The Company has noted the volatility of its shares and is aware of the lack ofliquidity in the market. White Nile stated in its Admission Document dated 19 May 2005 that 'it isanticipated that a fundraising exercise will need to be undertaken to raisemoney to finance the development and production of the Concession'. The Company announces that in order to improve the liquidity in the market forthe Company's shares and at the same time raise further funds which will berequired in the future it has almost completed arrangements for a placing of newshares. White Nile expects to make a full announcement with regard to the placing earlynext week. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Agriterra Ld