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STREAMPLAY STUDIO LIMITED — Capital/Financing Update 2009
Aug 17, 2009
65841_rns_2009-08-17_7a66cd0d-2072-4393-96da-95e7494967b0.pdf
Capital/Financing Update
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18 August 2009
SUCCESSFUL SHARE PLACEMENT
Gippsland Limited ("Company") [ASX: GIP, DB: GIX] is pleased to announce that it has completed a private placement of 15,625,000 fully paid ordinary shares ("Placement Shares") to European institutional investors at a price of AU$0.032 (approx. €0.017) per Placement Share to raise the sum of AU$500,000 (approx. €291,000) before costs ("Placement").
The issue of the Placement Shares was undertaken within the Company's 15% placement capacity, and the Placement Shares will rank pari passu with all existing fully paid ordinary shares in the Company. Application has been made for the Placement Shares to be admitted for trading on the Australian Securities Exchange on 18 August 2009. As a result of the Placement the Company will have a total of 343,604,779 ordinary shares on issue.
The funds raised pursuant to the Placement will be used for working capital purposes and for the further development of the Company's 44.5 million tonne Abu Dabbab tantalum-tin project.
Yours faithfully Gippsland Limited
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RJ (Jack) Telford Director, Chief Executive Officer
For further information, please contact
Jack Telford Gippsland Limited Tel: +61 8 9340 6000 Email: [email protected] Web: www.gippslandltd.com
WH Ireland Limited (UK) John Molyneux / James Hughes Tel: +44 20 7220 1665 / +4420 7220 1663 Email: [email protected] / [email protected] Web: www.wh-ireland.co.uk
DJ Carmichael & Co Paul Covich / Rob Matthews
Tel: +61 8 9263 5271 Email: [email protected] / [email protected] Web: www.djcarmichael.com.au
ASX 090818 Share Placement.doc
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