Mwana Africa (LON:MWA, 10.5p, ? (2.44%)) announced a total of 88,340,540 new ordinary shares of the Company have been placed by Canaccord Adams Ltd at a price of 10 pence per Placing Share, raising approximately GBP8.83 million ($13.25M) before expenses. The Placing Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares in the share capital of Mwana Africa, including the right to receive all dividends and other distributions declared, made or paid after the date of their issue.
Peninsular Gold (LON:PGL, 63p, ? (4.91%))announced that it has today placed, through its broker, Astaire Securities Plc, 3,333,334 new ordinary shares of no par value in the capital of the Company at 60 pence per share to raise GBP2,000,000. The Placing Shares will represent 5.7% of the enlarged, issued ordinary share capital of the Company on admission. The Placing is to UK institutional and other investors and is conditional upon admission of the Placing Shares to trading on AIM. Application will be made for the admission to trading of the new ordinary shares to AIM and dealings are expected to commence at 8.00am on 1 April, 2010.
Kalahari Minerals (LON:KAH, 185.5p, ? (2.49%)) announced that Nippon Uranium Resources (Australia) Pty Ltd, a wholly owned subsidiary of ITOCHU Corporation is pleased to announce that it has agreed to acquire shares in Kalahari Minerals plc, representing a 15% equity ownership. This is a long term strategic shareholding in keeping with ITOCHU's strategy and, currently ITOCHU does not intend to make an offer for Kalahari. Takashi Yasuda, General Manager in the New Energy Department of ITOCHU said "I am extremely pleased that we are able to acquire a significant strategic stake in Kalahari which reflects our confidence in the management team of Kalahari and the prospects of the underlying uranium asset."
