REG - Thalassa Holdings - Update of investment in Papua Mining plc <Origin Href="QuoteRef">THAL.L</Origin>

Thalassa HoldingsAnnouncement

10/10/2016 07:05

RNS Number : 0764M
Thalassa Holdings Limited
10 October 2016
10 October 2016
Thalassa Holdings Ltd 
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa" or "the Company")
Update of investment in Papua Mining plc ("Papua")
Further to the announcement of 2 September 2016, Thalassa is pleased to announce that all resolutions put to the shareholders of Papua at the general meeting held on 7 October 2016 were passed. 
Consequently, Thalassa's investment of 400,000 for 40,000,000 new ordinary shares of Papua has been approved. 
Papua has raised a total of 512,000 through the issue of 40,000,000 new ordinary shares to Thalassa and 11,200,000 new ordinary shares to existing shareholders. As a result, Thalassa's shareholding will represent 26.7% of the enlarged share capital of Papua.
Investor Enquiries: 
Thalassa Holdings Ltd 
 Duncan Soukup, Chairman +33 (0)6 78 63 26 89 
WH Ireland Limited (Nominated Adviser and Broker) 
 Chris Fielding, Head of Corporate Finance +44 (0)207 220 1650 
Press Enquiries: 
Square1 Consulting (Public Relations) 
David Bick  +44 (0)207 929 5599 
www.thalassaholdingsltd.com 

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The company news service from the London Stock Exchange
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