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Investika Ltd - Share Placement

Tue Dec 18, 2007 4:28am EST
 
RNS Number:1451K
Investika Ltd
18 December 2007

                                 INVESTIKA LTD
                                ('the Company')

                                SHARE PLACEMENT



18 December 2007

The Company wishes to advise that it has agreed, subject to approval by
shareholders at a General Meeting to be held on 10 January 2008, to place with
institutional investors a total of 3,000,000 fully paid ordinary shares at a
price of AUD $4.30 per share.

The new shares will rank pari-passu with the existing issued fully paid ordinary
shares and funds derived from the placement will be utilised in carrying out the
bankable feasibility study on the Las Pascualas copper project in Chile.

The Placing Shares will not be offered generally to Shareholders, whether on a
pre-emptive basis or otherwise.



Application will be made for the Placing Shares to be admitted to trading on AIM
and dealings are expected to commence on 16 January 2008.



Enquiries to:



Chrisilios Kyriakou, Chief Executive Officer
Investika Ltd
Telephone: 020 7514 1480


James Joyce/ Sarang Shah
WH Ireland Limited
Telephone: 020 7220 1666


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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