FBG Fibregen

    RNS Number : 4772X
  FibreGen Plc
  25 June 2008
   



 Press Release   25 June 2008

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

    Holdings in Company

    FibreGen plc, (AIM: FBG), the international biomass-to-energy company formerly known as Libra Natural Resources plc, has been notified
on Monday 23 June 2008 that UBS Wealth Management (UK) Ltd. has purchased an additional 614,595 Ordinary Shares in the Company, and now
holds 2,060,017 Ordinary Shares in the Company. This holding represents 13.16 per cent of the Company.

    - Ends -

    For further information: 

 FibreGen plc
 Glenn Smith         Tel: +1 206 366 5267
 Mark Campanale  Tel: +44 (0)7714 415 262

 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
 
  END 
 
HOLSEESAISASEEM

Fibregen (LSE:FBG)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Fibregen (LSE:FBG)
Historical Stock Chart
Von Jun 2023 bis Jun 2024