Issue of Equity
May 21 2009 - 8:36AM
UK Regulatory
TIDMPDF
RNS Number : 6645S
Pangea DiamondFields PLC
21 May 2009
Pangea DiamondFields plc
("PDF" or "the Company")
Issue of Equity
On 9 April 2009, Pangea DiamondFields plc (AIM: PDF), the diamond producer and
exploration company, announced that it had reached a settlement in respect of
outstanding commitments associated with the Company's open offer completed in
February 2009.
Further to this settlement and the granting of the necessary shareholder
approval at the Company's AGM, Pangea has today issued and allotted 38,897,281
ordinary shares of US$0.005 each ('Shares') at an issue price of 1.324 pence per
Share. The proceeds of GBP515,000 in respect of this issue of Shares were
received by the Company on announcement of the settlement.
Application for the admission of 38,897,281 Shares to trading on the AIM Market
of the London Stock Exchange ('Admission') has been made and Admission is
expected to occur at 8.00 a.m. on 22 May 2009. Following Admission, the Company
will have 1,781,326,082 Shares in issue.
Further information:
+---------------------------+--------------------------+---------------------------+
| Pangea DiamondFields plc | Ambrian Partners Limited | Walbrook PR Ltd |
| | | |
+---------------------------+--------------------------+---------------------------+
| Brett Thompson | Richard Brown / Richard | Louise Goodeve / Leah |
| | Greenfield | Kramer |
+---------------------------+--------------------------+---------------------------+
| T: +27 11 438 4100 | T: +44 (0) 20 7634 4700 | T: +44 (0) 20 7933 8780 |
| | | |
+---------------------------+--------------------------+---------------------------+
Notes to Editors:
About Pangea DiamondFields PLC
Pangea DiamondFields plc (AIM: PDF) is an emerging diamond producer and
exploration company with a portfolio of eight projects each with multiple
resource targets, located in the Central African Republic, Democratic Republic
of the Congo, South Africa and Angola. The Company aims to minimise risk by
diversifying its projects geographically.
PDF listed on AIM in October 2006 and is led by a strong management team, with a
track record for creating shareholder value in mineral exploration.
For more information on PDF, please visit:
http://www.pangeadiamondfields.com/
This information is provided by RNS
The company news service from the London Stock Exchange
END
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