| Fri 24 Jul 2009, 13:00 | | KWR - Kiwara - Voluntary Announcement Released In Terms Of LSE Listings |
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KWR
KWR
KWR - Kiwara - Voluntary Announcement Released In Terms Of LSE Listings
Requirements
Kiwara plc
Registration number: 01760458
JSE: KWR
AIM: KIW
ISIN: GB0007702953
("Kiwara" or the "Company")
ISSUE OF 3,875,001 NEW ORDINARY SHARES
The Company is pleased to announce that Kiwara has conditionally placed
3,875,001 new ordinary shares of 1p each in the Company with investors in
London at a strike price of 36 pence per share raising GBP1.395 million
before expenses.
The purpose of the placing is to enable the Company to increase its holding
in its Zambian based subsidiary Kalumbila Minerals Limited and for general
working capital purposes.
Application will be made for the admission to trading of the new ordinary
shares on AIM and the JSE Limited on 31 July 2009.
About Kiwara:
Kiwara is an exploration company with a focus on base metals in the Republic
of Zambia, which is a major copper producing country.
Kiwara, through its majority owned subsidiary, Kalumbila Minerals Ltd, holds
Prospecting Licence 267 which is within the Kabompo Dome in North Western
Zambia, a geologically complex antiformal feature, which contains a number of
base metal and uranium targets. This is within the area considered to be the
western extension of the Copperbelt, an increasingly significant mining area
that contains the recently developed Kansanshi and Lumwana copper mines.
For further information, please contact:
Kiwara Plc
Colin Bird/Raju Samtani
Tel: +44 (0)207 581 4477
FinnCap, London
Matthew Robinson / Ed Frisby, Corporate Finance
Tel: +44 (0) 20 7600 1658
Sasfin, Johannesburg
Leonard Eiser, Corporate Finance
Tel: +27 (0) 11 809 7511
Bishopsgate Communications Ltd
Suzanna Johnston-Walsh
Tel: +44 (0)20 7562 3359
Johannesburg
24 July 2009
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
Date: 24/07/2009 13:00:01 Produced by the JSE SENS Department.
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