AIM 5.88% 36.0¢ ai-media technologies limited

placement

  1. 1,965 Posts.
    lightbulb Created with Sketch. 50
    the following released in london today.


    RNS Number:7137O
    AIM Resources Limited
    28 December 2006


    28 December 2006

    AIM Resources Limited
    ("AIM Resources" or "The Company")

    Issue of Securities

    The Company announces that it has placed, through Seymour Pierce Limited,
    Westwind Partners, Inc., Paradigm Capital Pty Ltd and Cartesian Capital Pty
    Limited a total of 81,893,238 fully paid ordinary shares ("Placement Shares")at
    an issue price of A$0.29 (11.6p) per share to raise up to approximately
    AUD$23.75 million (circa £9.5 million) before expenses.

    The net proceeds of the placing will be applied to continue the Company's mine
    development plan for its high-grade Perkoa zinc mine development in Burkina
    Faso. Development on site at Perkoa is continuing, including the commencement of
    excavation work on the box cut for the decline development.

    This placement has been made pursuant to the shareholders' approval granted at
    the Annual General Meeting held on 30 November 2006.

    The funding mix for the Perkoa Zinc Project is continually under review and may
    change from that announced on 18 October 2006 based upon market conditions.
    Discussions are continuing with the banks and the off-takers. When this is
    finalised an announcement will be made to the market.

    Application has been made for the Placement Shares to be admitted to trading on
    AIM and dealings are expected to commence on 29 December 2006.

    For further information please contact:

    Marc Flory, Managing Director
    Scott Reid, Director
    AIM Resources Limited Ph: +61 2 9222 9444

    Jonathan Wright
    Seymour Pierce Limited Ph: +44 20 7107 8000


    ABOUT THE PERKOA ZINC PROJECT

 
watchlist Created with Sketch. Add AIM (ASX) to my watchlist
(20min delay)
Last
36.0¢
Change
0.020(5.88%)
Mkt cap ! $75.17M
Open High Low Value Volume
33.5¢ 36.0¢ 33.5¢ $53.35K 155.2K

Buyers (Bids)

No. Vol. Price($)
1 21000 35.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.5¢ 101742 3
View Market Depth
Last trade - 15.59pm 05/07/2024 (20 minute delay) ?
AIM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.