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Adelaide Resources Limited (ASX:ADN) Extension of Peninsula Resources IPO

EXTENSION OF PENINSULA RESOURCES LIMITED IPO 
 
Copper-gold-uranium explorer, Peninsula Resources Limited, today announced it has extended the offer period for its $6 million Initial Public Offer until Friday, 17 June 2011.
 
The IPO for the demerger of the Adelaide Resources subsidiary was due to close today. However, given the volatility experienced on the stock market in recent times, the Board of Peninsula Resources Limited decided to extend the offer period for the IPO to allow potential investors more time to consider market conditions.
 
While the Priority Offer to Adelaide Resources shareholders has closed, any shareholder wishing to apply for shares in Peninsula Resources can still do so through the Public Offer Application Form attached to the Prospectus.
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