Praetorian Resources Ltd Announces Completion of Subscription by Longships plc
Praetorian Resources Ltd announced completion of the subscription by Longships plc of £2,308,010 in cash for 4,616,020 new ordinary shares in the Company (with 2,308,010 new subscription shares in the Company attached) (the Subscription) took place earlier (immediately following the conclusion of the general meeting of shareholders of Longships plc at which, inter alia, the Subscription was approved by its independent shareholders). Application has been made to the London Stock Exchange for the 4,616,020 new ordinary shares and 2,308,010 new subscription shares to be admitted to trading on AIM. It is expected that such admission will take place, 31 July 2012. Following the completion of the Subscription, the Company has 44,698,886 ordinary shares and 22,349,443 subscription shares in issue and Longships plc has an interest of 10.3% . of the Company's issued share capital.
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