Share Purchase Plan (“SPP” or “Plan”) Results
Jervois Mining Limited (“Jervois” or “Company”) (ASX code JRV) wishes to advise the market that the Company’s recent Share Purchase Plan, which closed on 4th April 2011, has successfully raised $1,094,872 before issue costs. In accordance with the Plans Terms and Conditions, (as previously announced to the ASX on 9th and 15th March 2011), Jervois has today allotted and issued 273,718,000 fully paid ordinary shares at an issue price of $0.004 (0.4 cents).
Jervois is delighted with the response from 367 eligible shareholders and wishes to thank all those who participated in the offer for their on-going support. As previously advised to the ASX, the net proceeds from the Plan, after transaction costs will be used for project development and working capital purposes
A table of indicative dates is contained in the ASX announcement.
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