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Red Leopard Holdings Plc Announces Proposed Acquisition And Placing Of New Ordinary Shares

Friday, 6 Sep 2013 02:00am EDT 

Red Leopard Holdings Plc announced the proposed acquisition of Red Leopard Mining Inc, the placing of new ordinary shares and the publication of an admission document convening a general meeting. The directors announced that it has conditionally agreed to acquire the entire issued share capital of Red Leopard Mining Inc for GBP600,000. The consideration is to be satisfied, subject to approval at the General Meeting, by the issue of 33,333,333 new ordinary shares at a price of 1.8p per share. The Company also announced that it has conditionally placed 70,000,000 new ordinary shares at 0.5p per share (Issue Price) to raise GBP350,000. The proceeds will be used to commence the exploration of the Claims and to provide working capital to the Group. 

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