19 July 2007 LSE: AYM
Anglesey Mining plc is pleased to report the success of its placing, first announced on 16 July 2007. The fund raising has been completed for the target figure of £1,100,000 before expenses by way of a private placing of 13,750,000 new ordinary shares at 8 pence per share to 5 institutional and/or sophisticated investors.
Application has been made for the new ordinary shares to be admitted to trading on the main board of the London Stock Exchange and dealings in shares are expected to commence on 20 July 2007. The shares will rank pari passu with existing shares.
The funds from the placing will be applied to feasibility work together with ongoing exploration and development work at the company’s two projects: Parys Mountain copper-zinc and Labrador iron.
The funds will also be applied to working capital, strategic developments and general corporate purposes.
Following the placing, the company hereby notifies its voting rights and capital to be 152,558,051 ordinary shares with voting rights with no shares in treasury.
The above figure may be used by shareholders as the denominator for the calculations which will determine whether they are required to notify their interest in the company, or any change to that interest, under the FSA's Disclosure and Transparency Rules.
For further details:
Ian Cuthbertson, Finance Director +(44) 1248 361333
Bill Hooley, Executive Director +(44) 1492 541981
John F. Kearney, Chairman +(1) 416 362 6686
Parkgreen Communications +(44) 20 7851 7480
|Anglesey Mining plc
Parys Mountain, Amlwch,
Anglesey, LL68 9RE, UK
|Phone +44 1248 361333