PLACEMENT TO RAISE A$23.1M
The Directors of Berkeley Resources Limited (AIM: BKY.L) are pleased to advise that the
Company has agreed to issue 12.5 million new ordinary shares at a price of A$1.85 (£0.77)
per share, to institutional investors in Europe, the USA, Canada and Australia.
The issue will raise A$23.1M (£9.65M) before expenses.
The funds will enable the Company to expand its exploration programs on its substantial
groundholding in Spain, as well as to pursue new business development opportunities.
The placement was coordinated by RBC Capital Markets as lead manager and sole
bookrunner, with Mirabaud Securities Limited acting as co-manager.
Application will be made for the new shares to be admitted to trading on the ASX and AIM
and dealings are expected to commence on or around 30 April 2007.
Berkeley is the dominant independent uranium explorer in the Iberian Peninsular, with over
240,000ha of exploration permits in the main uranium districts. The Company recently
announced its initial JORC compliant inferred resource of 11.9m pounds of U3O8 at the
Salamanca 1 project in Spain
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