Geiger Counter, the specialist Jersey Company investing in Uranium assets, has issued £21 million in new shares today at 76½p per share which will be listed on the Channel Islands Stock Exchange.
The size of the Company now exceeds £45m and the new money will be put to work.
Geiger Counter is the only investment company in the world to exclusively invest in the high growth opportunity provided by companies involved in the exploration, development and production of uranium, as well as companies involved in the construction and servicing of nuclear power stations.
Andrew Ferguson at New City Investment Managers, investment advisers to Geiger Counter, said: “We are delighted to have the support of some savvy investors, who like us are bullish about the uranium price and the sector.
“World demand for nuclear power is growing and we'll get our money to work fast.”
Adam Cooke at New City Investment Managers said: “We are very pleased to have strong appetite for the issue from blue chip institutions and private wealth managers in the UK, Channel Islands, Europe, North America and Asia.”
Geiger Counter Limited is a Jersey company which was established in July 2006 at an initial share price of 50p. Today’s share price is 79½p. Geiger Counter has an independent Board of Directors and New City Investment Managers acts as Investment Advisers to the Company. Total shares in issue now comprise 52,000,000 Shares and 12,280,759 Subscription Shares
New City Investment Managers Limited is an independent specialist fund management company based in London. New City was established by Richard Lockwood and Andrew Ferguson in 2004 and assets managed or advised today exceed £220 million on behalf of City Natural Resources High Yield Trust plc, New City High Yield Trust plc and Geiger Counter Limited.
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