Anglesey Mining plc LSE:AYM
19 July 2007
Issue of shares - placing of £1.1 million confirmed
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.
Contacts:
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 7493 3713
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