Issue of Equity

RNS Number : 1449W

Aminex PLC

15 November 2010

 



                                     AMINEX PLC ("Aminex" or "the Company")

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN PART OR IN WHOLE IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, SWITZERLAND

AMINEX RAISES US$2.7 MILLION

Aminex announces that that it has raised approximately £1.7 million (approximately $2.7 million) net of expenses. Shore Capital Stockbrokers Limited and Davy, joint brokers to the Company, have procured subscribers for 24,073,250 new ordinary shares ("New Ordinary Shares") at a price of 7.5p per share. The issue of these New Ordinary Shares will represent in aggregate approximately 5.6% of the existing issued share capital of the Company and are being issued under existing allotment authorities granted by shareholders.  The new funds will be used partly towards securing long lead items for drilling the Nyuni-2 well in Tanzania and partly to assist the development programme at Shoats Creek, Louisiana.

Application will be made to the Irish Stock Exchange and the UK Listing Authority for the New Ordinary Shares to be admitted to the Official Lists and application will be made to the Irish Stock Exchange and the London Stock Exchange for the New Ordinary Shares to be admitted to trading on their respective regulated markets for listed securities. It is expected that such admission will become effective and that dealings will commence in the New Ordinary Shares at 8.00 a.m. (London and Dublin time) on 23 November 2010.

Aminex chairman Brian Hall commented: "We are very pleased with the support we have received for this placing.  Aminex has an active programme of exploration and development drilling in the coming months and we look forward to updating shareholders on progress."

For further information:

Aminex
Brian Hall - Chairman	Tel: [phone]
Davy
Hugh McCutcheon / Brian Garrahy	Tel: [phone]
Shore Capital
Dru Danford / Stephane Auton	Tel: + 44 (0) 20 7408 4090
Pelham Bell Pottinger
Archie Berens	Tel: [phone]

J&E Davy (''Davy'') (which is regulated by the by the Central Bank of Ireland) and Shore Capital  Stockbrokers  Ltd (''Shore Capital") (which is regulated in the UK by the Financial Services Authority) are acting exclusively for Aminex in connection with the placing as referred to in this announcement  and for no one else and will not be responsible to any other person for providing the protection afforded to customers of Shore Capital or Davy respectively nor for providing advice in connection with this announcement.

This announcement does not constitute, or form part of, an offer of, or the solicitation of any offer to subscribe for or buy, any of the Ordinary Shares to be issued or sold in connection with the placing.

The offer of new Ordinary Shares in certain jurisdictions may be restricted by law and therefore potential investors should inform themselves about and observe any such restrictions. This announcement is not for publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, New Zealand, Switzerland or any other jurisdiction in which such publication or distribution would be a violation of the relevant laws of such jurisdiction. This announcement is for information only and does not constitute an offer or invitation to acquire or dispose of Ordinary Shares in the United States, Australia, Canada, New Zealand, Switzerland or any other jurisdiction in which such offer or invitation would be a violation of the relevant laws of such jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offering of Ordinary Shares in Aminex in the United States. The Ordinary Shares have not been and will not be registered under the US Securities Act of 1933, as amended ('the Securities Act'), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser.

The distribution of this announcement may be restricted by law. No action has been taken that would permit the possession or distribution of this announcement in any jurisdiction where action for that purpose is required.

 

END

 

 

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