Agricola Resources plc
LSE : AGRI

October 05, 2009 08:13 ET

Issue of Equity

                                                                                                  
                                                                                        05/10/2009
                                                                         GB0003046835/GBP/PLUS-exn
                                                   
                                      AGRICOLA RESOURCES PLC
                                   ("Agricola" or the "Company")
                                                 
                                          Issue of Equity

The Directors of Agricola are pleased to announce the issue of 1,000,000 new ordinary shares of 1p
each at a price of 1p per share, raising £10,000 for the Company.

The  shares  were  acquired  by Energy Ventures Limited. As a result Energy  Ventures  Limited  is
interested  in  47,780,000  ordinary shares, representing 29.96%  of  the  enlarged  issued  share
capital.

The money raised by this issue of shares will be used to acquire gold properties in the Anti Atlas
Mountains  of North Africa in line with the re-direction of the Company's activities announced  at
the Company's Annual general Meeting on 30 July 2009.

Following  this  issue  there  will  be  159,455,500 ordinary  shares  in  issue.  The  directors'
shareholdings remain at 2,513,452 ordinary shares, representing 1.58% of the enlarged issued share
capital.

The Directors of Agricola are responsible for the contents of this announcement.

For further information contact:-

Dr. Robert Young, Chairman
Agricola Resources plc           
Tel: 01353 649 379

Corporate Adviser
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Tel:  020 7368 6959

Contact Information

  • Agricola Resources plc