Independent Resources PLC Placing and Conversion of Debt - Update (1378R)
December 07 2016 - 2:00AM
UK Regulatory
TIDMIRG
RNS Number : 1378R
Independent Resources PLC
07 December 2016
FOR IMMEDIATE RELEASE
Independent Resources plc
("IRG" or the "Company")
Placing and Conversion of Debt - Update
Independent Resources plc (the "Company") is pleased to announce
that it can now confirm that the Placing announced on 6 December
2016 was fully subscribed.
The Company therefore confirms that the Placing will be of
958.245million new Ordinary Shares in the Company to raise gross
proceeds of GBP766,596, comprising GBP500,000 of new cash funding
and the conversion of GBP266,596 of Company indebtedness.
Note that capitalised terms used in this announcement, but not
defined, have the same meaning as in the announcement 'Placing and
Conversion of Debt' of 6 December 2016.
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For more information, please visit www.ir-plc.com or
contact:
Greg Coleman Independent Resources plc 020 7070 0447
John Treacy ZAI Corporate Finance Ltd. 020 7060 2220
Jamie Spotswood (Nominated Adviser)
Oliver Stansfield Brandon Hill Capital
Jonathan Evans (Broker) 020 3463 5000
Simon Hudson Tavistock Communications 020 7920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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