Issue of Equity

RNS Number : 3328T

Alba Mineral Resources PLC

19 November 2013

 



19 November 2013

Alba Mineral Resources plc

("Alba" or "the Company")

Mauritania Joint Venture Share Issue

Alba Mineral Resources plc (AIM: ALBA), a UK based exploration company, is pleased to announce that FOSSE Investments Limited, its joint venture partner in Mauritania, has agreed to take Ordinary Shares in Alba in satisfaction of a further contribution Alba has agreed to make to the joint venture account.

Alba will satisfy £21,000 of the contribution it has agreed to make to the joint venture account by the issue of 6,000,000 new Ordinary Shares ("New Shares") at a price of 0.35p per share.

Application has been made for the New Shares to be admitted to trading on AIM.  It is expected that admission of the New Shares will become effective on 22 November 2013.

Total Voting Rights

Following admission of the New Shares, the total number of issued Ordinary Shares will be 215,337,052 Ordinary Shares.  The Company does not hold any Ordinary Shares in treasury.  This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Enquiries:

Alba Mineral Resources plc                                                                  020 7495 5326

Michael Nott

Northland Capital Partners Limited (Nominated Adviser)                     020 7796 8800

Luke Cairns / Matthew Johnson

Information on Alba:

Alba holds interests in Mauritania (uranium) and Ireland (base-metals).

Alba continues to review and discuss other opportunities for development of the Company including structured JV's and exploration projects in other countries that have been brought to us through contacts and other possible reverse opportunities that may have value enhancing potential. 

 

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