QUORAM PLC 
By 
BLUEBIRD ENERGY PLC
(AIM: BBE)
Placing raising
£1.88M
Bluebird Energy plc ("Bluebird" or "the Company") announces that it has placed
470m new ordinary shares with investors at a price of 0.4p per share, raising a total of
£1.88m
The net proceeds of the Placing will provide additional working capital as the Company proceeds with its strategy of diversifying into other business sectors which are perceived as offering better investor returns on net assets.
James Ede-Golightly, Chairman, has invested
£25,000 and Gordon Hall, senior non executive director, has invested
£10,000 in the Placing. The independent director, Brian Marshall, who is not participating in the Placing and having consulted WH Ireland, the Company's nominated adviser, considers that the directors' participation is fair and reasonable insofar as the interests of shareholders are concerned.
Application has been made for the new ordinary shares to be admitted to AIM. It is expected that the admission will take place and dealings in the new ordinary shares will commence with effect from Friday 15 March 2013.
Contacts | |
Bluebird Energy plc | www.bluebirdenergy.net |
James Ede-Golightly - Chairman | +44 (0) 1225 428139 |
WH Ireland Limited | www.wh-ireland.co.uk |
John Wakefield | +44 (0) 117 945 3470 |
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