second uranium asset coming, page-3

The company has just taken a placing amounting to about 30% of Agricola Resources plc, a UK (OFEX) listed company. Agricola have exploration licences in Sweden and Finland.

Announcement in the UK is:

"PLACING AT PAR OF 46,780,000 ORDINARY SHARES OF GBP0.01 EACH IN THE CAPITAL OF AGRICOLA RESOURCES PLC (THE "COMPANY") TO ENERGY VENTURES LIMITED (ASX TICKER EVE)

3RD MAY 2007

PLACEMENT

Energy Ventures Limited (www.energyventures.com.au) ("EVE"), an investment company listed on the Australian Stock Exchange, has agreed to pay GBP467,800 for a total of 46,780,000 ordinary shares in the capital of the Company. This number of shares is equal to 29.90% of the Company's enlarged share capital following the placing.
...

It is proposed that the proceeds of this placement to EVE will fund the Company's planned Scandinavian exploration programme, in Sweden and Finland.

Dr. Robert Young, Chairman of Agricola commented "The investment by such a highly respected Australian group will give Agricola the funds and technical backing it needs to expand its activities in Scandinavia".

Energy Ventures is very pleased to take this opportunity to become a major shareholder in Agricola and believes the company has a tremendous opportunity to develop its existing exploration assets in Scandinavia and also pursue new uranium exploration prospects in the area.
"

http://www.plusmarketsgroup.com/story.shtml?ISIN=GB0003046835&NewsID=24827