placement at 35 c huge vote of confidence

announcement just out " The Board of Pryme Oil & Gas Limited (Pryme) is pleased to announce the completion of a placement of 18,800,000 fully paid ordinary shares in the capital of Pryme at $0.35 per share to raise $6.58 million. The placement was made to Messrs Ian McCauley and John Rawlins based in Queensland and Mr George Lloyd of Sydney.


as per my previous comments last night this is a huge vote of confidence in the company and the drilling programm that is underway....these guys were responsible for Felix resources and sold a huge stake last year for $100 million plus.... in backing Pryme they are not mucking around.

35 c is way too cheap for where we are headed in next 6 months cheers C U