5 Sept
Oracle Coalfields positive after successful AIM listing
StockMarketWire.com
Oracle Coalfields, has announced its half year results for the six months to 30th June 2011.
Highlights included listing on the London Stock Exchange's Alternative Investment Market (AIM) on the 20th April 2011 and a successful fundraising of 3 million through a placing of 30 million ordinary shares
Commenting on the results, Shahrukh Khan, Chief Executive Officer of Oracle, said: "We were delighted to have listed on AIM on the 20th April 2011. We were oversubscribed and have sufficient funds to meet the working capital requirements and completion of the feasibility study, although further funding will be required to develop Block VI of the Thar Coal mine.
"We are currently finalising the Definitive Feasibility Study as well as applying for our Mining Lease, and look forward to keeping shareholders informed of our progress as we develop the project."
At 8:53am: (LON:ORCP) share price was +0.13p at 7.75p
http://moneyam.uk-wire.com/cgi-bin/articles/201109050700115849N.html