🕐09.04.13 - 02:27 Uhr
NYOTA MINERALS LIMITED - COMPLETION OF TRANCHE 2 PLACEMENT AND SECTION 708 NOTICE
9 APRIL 2013
ANNOUNCEMENT - COMPLETION OF TRANCHE 2 PLACEMENT AND SECTION 708 NOTICE
Nyota Minerals Limited (Nyota or the Company), the East African gold exploration and development company, confirms that it has completed Tranche 2 of its 4,000,000 placement with new institutional investors and existing shareholders including Centamin plc and Resource Capital Fund V LP.
Following the General Meeting held on 4 April and the receipt of 2,100,000 of Tranche 2 funds the Company has issued 105,000,000 ordinary fully paid shares (Shares) at an issue price of 2p ($0.03) each.
In addition, the Company has issued 4,100,000 Shares to the brokers involved with the Placing and 2,278,214 Shares to directors (and ex-directors) of the Company in lieu of directors fees owed.
The Company has also issued 12,470,000 Shares in respect of valid applications under the Share Purchase Plan (SPP) that closed on 2 April 2013 raising a further $374,100 (before expenses).
For the full announcement, please follow this link http://www.nyotaminerals.com/content/uploads/2013/04/08042013-NYO-Tranche-2-Completion.pdf
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