15.11.2006

Tanfield capital approved

Tanfield's plan to raise £20 million has been approved at today's Extraordinary General Meeting when all resolutions were passed.

The placing of 50,000,000 new ordinary shares, as announced on 23 October 2006, has been declared unconditional. £20 million (before expenses) will be raised at a placing price of 40p per new ordinary share.

see Tanfield raises more capital