25th Oct 2006 15:26
Herencia Resources PLC25 October 2006 25 October 2006 Herencia Resources plc ("Herencia" or the "Company") Execution of Subscription Agreement & Placing Herencia is pleased to announce that, on 23 October 2006, it executed aSubscription Agreement with Mineral Securities Limited ("Minsec") pursuant towhich Minsec has agreed to subscribe for 20 million ordinary shares of 0.1p at aprice of 1p per share ("New Ordinary Shares") as part of a placing to raise upto £900,000. Minsec is Herencia's major shareholder and currently holds approximately 49.0per cent. of the issued share capital of Herencia. A further announcement will be made in due course. For more information please contact: David Youngman, WH Ireland +44 161 832 2174Michael Bohm, Herencia Resources plc +61 8 9221 7466 Further background details on the Company can be found atwww.herenciaresources.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Herencia Resources