Providence aims for €10m through share issue placing

Exploration company Providence Resources has said it aims to raise just over €10m through the issue of 338 million new shares in a share placing.

Providence aims for €10m through share issue placing
Mon, 29 Mar, 2004 - 17:38

Exploration company Providence Resources has said it aims to raise just over €10m through the issue of 338 million new shares in a share placing.

The shares will be sold at 3c each to mainly Irish and UK institutional subscribers, as well as Tony O'Reilly, who is taking up €1m worth of new shares.

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