The Directors of Agricola are pleased to announce that at the Extraordinary General Meeting of the Company held today all the resolutions were duly passed.
Accordingly, the grant of the options ("Options") to Energy Ventures Limited ("EVE") to subscribe for an additional 46,780,000 ordinary shares of 1p each in the Company ("Ordinary Shares") and the waiver of Rule 9 of the City Code have been approved by shareholders. The Options have now been granted.
EVE already owns 46,780,000 Ordinary Shares in the Company and, if the Options are exercised in full, EVE would be interested in 93,560,000 Ordinary Shares, representing approximately 46 per cent of the Company's enlarged issued share capital.
Commenting at the meeting, Bob Young, Chairman of the Company said:
"Scintollometer surveys on Agricola's licences in Sweden are now underway. High readings have been encountered on a trench on licence Geddaur No 1, Northern Sweden."
The Directors of the Issuer accept responsibility for this announcement.
Contact :
Dr. Robert Young, Chairman
Agricola Resources plc
Tel: +44 (0) 1353 649 701
St Helen's Capital PLC
Mark Anwyl
Tel: 020 7628 5582
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