GBP300,000 RAISED VIA PLACING OF SHARES
March 13 2009 - 3:00AM
UK Regulatory
TIDMGGG
Central China Goldfields plc
("GGG" or "the Company")
GBP300,000 RAISED VIA PLACING OF SHARES
13 March 2009
Central China Goldfields plc announces that it has raised GBP265,500 in a placing
for working capital through Alexander David Securities Limited and Hanson
Westhouse Limited plus a further GBP34,500 from Directors and employees of the
Company.
In total, the placing is for 24,000,000 new ordinary shares placed at 1.25
pence per share (the "Placing Shares").
Application will be made for the Placing Shares to be admitted to AIM and it is
expected that trading will commence on 27 March 2009. Following this placing,
the total number of shares in issue will be 183,367,191.
Following the above transactions, the following Directors' shareholdings in GGG
will be:
Previous Placing Shares Total Shares Percentage of
Shares Company's
Issued Share
Capital
Nigel Clark 3,310,568 500,000 3,810,568 2.08
Jeffrey 2,411,931 500,000 2,911,931 1.59
Malaihollo
Paul Mc Groary* 7,410,179 500,000 7,910,179 4.31
Patrick Harford 351,351 300,000 651,351 0.36
The total number of shares held by Directors following the admission of the
Placing Shares will be 15,284,029 shares representing 8.34% of the share
capital.
*Includes 3,240,625 shares held by Marshall Lake Mining plc, of which Paul
McGroary is a director.
For further information, please contact:
Central China Goldfields plc Hanson Westhouse Limited
Dr. Jeffrey Malaihollo Tim Metcalfe / Martin Davison
Tel: 020 7621 0200 Tel: 020 7601 6100
Email: info@ccgoldfields.com
www.ccgoldfields.com
END
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