PRESS RELEASE 16th August 2007
Issue of Equity
The board of Beowulf Mining plc is pleased to announce the successful placing of 8,000,000 new ordinary shares at a price of 4.25p each raising the gross sum of £340,000, arranged by Loeb Aron & Company Ltd.
Following the issue of these shares the issued share capital of the Company will be 74,548,247 ordinary shares of 1p each. Application will be made for the new shares to be admitted to trading on AIM, expected to be 08.00 on 22 August 2007.
Expenses of the placing are estimated at £17,000 together with the issue of 400,000 warrants exercisable for two years at 6p per warrant.
For further information contact:-
- Dr. Robert Young, Chairman - Beowulf Mining Plc - Tel: +44 (0)1353 649 701
- Gavin Burnell, Ruegg & Co. Limited - Tel: +44 (0)207 584 3663
- Nick Bealer, King & Shaxson Capital Limited - Tel: +44 (0)207 426 5986
- Gary Middleton - St Swithin's Public Relations - Tel: +44 (0) 207 429 4391
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