Pan PacificAggregate – Fundraising Completed – 30/07/2008

    RNS Number : 2656A

  Pan Pacific Aggregates PLC

  30 July 2008

    PAN PACIFIC AGGREGATES PLC ("PPA" or the "Company")
    FUNDRAISING COMPLETED
    Following the Company's announcement of the issue of 49,700,000 new ordinary shares on 25 July 2008 (the "Initial

Share Issue"), PPA has today raised an additional  523,000 through the issue of a further 52,300,000 new ordinary shares

(the "Further Shares"). In total, the Company has raised  1.02 million and will now be focussing on upgrading and

increasing production at its Pumptown Quarry, and completing its evaluation of the Pine Flats deposit. The Further

Shares were issued by PPA on the same terms as the Initial Share Issue, being for a consideration of 1 penny per

ordinary share. Application has been made for the Further Shares to be admitted to AIM and it anticipated that they will

commence trading on 5 August 2008.
    Commenting on the closing of the placement Don Nicholson, Chairman, and William Voaden, CEO, stated: "We are very

pleased to have completed this placing which allows us to continue the development of production plans for Pumptown

Quarry. Furthermore, this enables the company to complete its evaluation of the Pine Flats deposit and other

opportunities." 
    Enquires:
    Pan Pacific Aggregates PLC

    William Voaden                                  Tel: 020 7096 9580
    Hanson Westhouse Limited

    Tim Metcalfe/ Harry Barraclough        Tel: 020 7601 6100
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