1 October, 2012
HOUSTON, TX
Rock Solid Images plc
RSI is pleased to announce that at the General Meeting held
on Saturday 29 September, all Resolutions relating to the
Placing and Open Offer were approved with the Company raising
£3.2 million ($5.0 million) immediately and obtaining
shareholder approval to issue warrants which could raise a
further £2.6 million ($4.0 million) within the next two
years.
Stated Richard Cooper, RSI's Chairman & CEO: "I'd like to
thank all of our shareholders for showing overwhelming
support for the Company. Earlier this year, the Company
concluded a strategic view undertaken to develop a plan to
allow the Company to restore and build shareholder value. The
strategy that was developed following this review required
the Company to de-list from the AiM exchange and then
re-capitalize in order to provide essential growth funds.
The first part of this strategy was successfully completed in
April 2012. Following this General Meeting, the second part
of this strategy has now also been successfully
concluded.
RSI is now a properly funded private company. We have a
growing project backlog, and an excellent and expanding
technology base. We remain at the forefront of the
integration and interpretation of seismic and non-seismic
data, such as well-logs, CSEM and MT data, designed to give
our customers more robust and reliable information upon which
to base their drilling decisions."
Rock Solid Images plc +1 713 783 5593
Richard Cooper - Chief Executive Officer
Gareth Taylor - President
RSI - 2600 South Gessner - Suite 650 - Houston, TX 77063 USA - +1 713 783 5593 www.rocksolidimages.com
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