FBG Fibregen

    RNS Number : 2631X
  FibreGen Plc
  23 June 2008
   



 Press Release   23 June 2008

    FibreGen plc
    ("FibreGen" or "the Company")

    Issue of Equity/Directors Dealings

    Further to the announcement on 19 June 2008, FibreGen plc (AIM: FBG), the international biomass-to-energy company formerly known as
Libra Natural Resources plc, is pleased to announce that pursuant to the placing announced on 19 June 2008 it will issue 362,321 Ordinary
Shares of 3p each at 34.5p, the closing market price on the day of the announcement of the placing.

    Following the admission of the shares to trading, which is expected to take place on 26 June 2008, the Directors will be interested in
the share capital of the Company as follows:

                       Number of shares  Total holding  % of resultant issued share capital
                              purchased
 Glenn Smith                     72,464         83,797                                 0.39
 Rick Squires                    50,725         50,725                                 0.24
 John Stirling                   72,464         72,464                                 0.34
 Peter Greensmith                50,725        778,092                                 3.64
 Mark Campanale                  43,479         49,217                                 0.23

    Following the placing announced yesterday and the issue referred to in this announcement, the total number of shares in issue in the
capital of the Company will be 21,347,132 ordinary shares of 3p each.

    - Ends -

    For further information: 

 FibreGen plc
 Glenn Smith   Tel: +1 206 366 5267
 Rick Squires  Tel: +44 7971 037116

 Landsbanki Securities (UK) Ltd  
 Nominated Advisor
 Gareth Price/Simon Brown, Corporate Finance         Tel: +44 (0) 20 7426 9000
 Liberum Capital - Broker
 Ellen Francis / Simon Atkinson, Corporate Finance  Tel: +44 (0) 20 3100 2000 

    Media enquiries:
 Abchurch                           Tel: +44 (0) 20 7398 7700
 Joanne Shears / Justin Heath       Tel: +44 (0) 20 7398 7709
 joanne.shears@abchurch-group.com    www.abchurch-group.com  


    NOTES TO EDITORS

    FibreGen plc

    FibreGen is a focused biomass-to-energy business, producing wood pellets and wood chips for sale to retail consumers (for home heating
and animal bedding) as well as to commercial and industrial customers for heat and power generation. The Company announced its strategic
intention in December 2007 to increase significantly the size, scale, and range of its investments in its wood pellet business and to become
a leading international biomass to energy business. 

    The Company operates four biomass businesses in North America:
    *     at Princeton, British Columbia, Canada which produces wood pellets;
    *     at Westbank, British Columbia, Canada, which produces wood pellets and wood shavings;
    *     in Louisa County, Virginia, US which produces wood chips and which is planned to have a wood pellet production; and
    *     at Omak (WA), Hauser (ID), and (under construction) Shelton (WA) producing wood pellets and other products.

    The Company also has an MOU for a joint venture vehicle with Chinese and Canadian partners, to develop a plant by the end of 2008 with
initial capacity of 100,000 tons of biomass fuels for sale to the Chinese power station market.  The Company also owns the project site and
development rights for a wood pellet production facility in West Kootenay, British Columbia, Canada.

This information is provided by RNS
The company news service from the London Stock Exchange
 
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