March 22 (Reuters) - Padbury Mining Ltd PDY.AX :
* Share placement PDY.AX
* Has executed a share subscription agreement with du yong yi to subscribe for 200 million ordinary shares in pdy at $0.01 per share
* Says share subscription agreement is irrevocable and binding
* Securities will be issued using the company's existing 15% placement capacity so that shareholder approval will not be sought for the issue
* Source text for Eikon ID:nASXbHtDFx
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