6 Aug 2012 07:00
For Immediate Release
3 August 2012
LENI GAS AND OIL PLC
("LGO" or the "Company")
Equity Placement and Total Voting Rights
LGO today announces that it has raised £150,000 through the issue of 18,292,636 new shares of 0.05p each in the Company at placing price of 0.82p per share to Dutchess Opportunity Cayman Fund Ltd ("Dutchess) under the Equity Line Facility ("ELF") of up to £5 million announced previously on 3 October 2011.
Subsequent to the issuance of these shares the Company will have 1,277,747,601 ordinary shares in issue.
Application will be made for the 18,292,636 new ordinary shares to be admitted to trading on AIM and these will rank pari passu with the Company's existing shares. Dealings of the new shares on AIM are expected to commence by 9 August 2012.
Enquiries:
Leni Gas & Oil plc
David Lenigas Neil Ritson | +44 (0)20 7440 0645
|
Beaumont Cornish Limited
Nomad and Joint Broker Rosalind Hill Abrahams Roland Cornish | +44(0) 20 7628 3396 |
Old Park Lane Capital Plc
Joint Broker Michael Parnes Luca Tenuta | +44(0) 20 7493 8188 |
Shore Capital
Joint Broker +44 (0) 20 7408 4090
Pascal Keane
Jerry Keen (Corporate Broking)
Pelham Bell Pottinger
Financial PR Mark Antelme | +44 (0) 20 7861 3232 |
Henry Lerwill |