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REDCASTLE RESOURCES LIMITED — Capital/Financing Update 2012
Apr 29, 2012
65668_rns_2012-04-29_ce6df253-2352-4c6c-9bde-33341d632539.pdf
Capital/Financing Update
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GRP Corporation Limited
Level 1, 981 Wellington Street West Perth WA 6005 ABN 57 096 781 716 PH: 08 6555 2950 FX: 08 9226 5538 EM: [email protected] www.grpcorporation.com
30[th] April 2012
The Company Announcements Platform ASX Limited Company Announcements Office SYDNEY NSW 2000
GRP Completes Placement to Sophisticated Investors
GRP Corporation (“GRP”) (ASX: GRP ) is pleased to advise that it has raised $75,455 via the successful placement of 1,509,100 shares to sophisticated investors.
The issue of shares falls within the Company’s 15% capacity under ASX Listing Rule 7.1 and consequently will not require shareholder approval.
The funds will be used for working capital to enable GRP to continue the evaluation and due diligence on the two projects under review as announced on 16th March 2012.
Both of the projects provide a compelling investment case in the opinion of the directors and the Company hopes to enter into a binding acquisition agreement shortly.
We look forward to communicating the outcome of these acquisition discussions in the near future.
Yours sincerely
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Mark Rowbottam
Non-Executive Chairman
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