Funds Raised by Way of Placing

 RNS Number : 5326D

Galileo Resources PLC

29 January 2015

Galileo Resources Plc

(“Galileo” or “the Company”)


Funds Raised by Way of Placing


Galileo is pleased to announce that it has issued 10,000,000 new ordinary shares at 3p per share to raise GBP 300,000 by way of a placing (“Placing”).


The Placing is subject to Shareholder approval of the Capital Re-organisation as announced yesterday, 28 January 2015 (“Shareholder Approval”).   The fund raising will provide working capital for the group including the funds to commence its Nevada copper/gold exploration programme.


Application will be made to the London Stock Exchange for admission to trading on AIM of the 10,000,000 new ordinary shares (“Admission”).   At the time of Admission,  these new ordinary shares will rank pari passu with the existing ordinary shares.    Subject to Shareholder Approval, Admission is expected on or around 17 February 2015.  


For further information, please contact:


Galileo Resources PLC

Colin Bird, Chairman  & CEO

Tel +44 (0)20 7581 4477

Andrew Sarosi, Executive Director


Tel +44 (0) 1752 221937

Beaumont Cornish Limited – Nominated Adviser

Roland Cornish/Felicity Geidt

Tel +44 (0)20 7628 3396


Hume Capital – Broker

Jon Belliss



Tel +44 (0) 20 3693 1470


Daniel Stewart & Co – Joint Broker

David Coffman/Colin Rowbury


Tel + 44 (0) 20 7776 6596


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