Issue of Equity

RNS Number : 2400H

Anglo Asian Mining PLC

03 November 2008

 



For immediate release on 3 November 2008

ANGLO ASIAN MINING PLC

('Anglo Asian' or 'the Company')

Issue of shares 

Anglo Asian Mining PLC (AIM:AAZ) announces that, in line with previous quarters, the following Ordinary Shares have been issued to Directors in lieu of salary/fees for the period 1 August 2008 to 31 October 2008, using the closing share price on 31 October 2008 of 5.95p. 

The Directors have chosen to take shares in lieu of salary/fees in order to preserve the cash in the Company for the Gedabek project.

	Number of Ordinary Shares awarded	Resulting number of Ordinary Shares held	% holding of Ordinary Shares with voting rights
Resource Capital Fund III  L.P.*	58,840	6,387,421	6.22
John Sununu	75,630	9,836,300	9.57
Reza Vaziri	357,151	30,689,278	29.87
Khosrow Zamani	42,017	143,834	0.14
Richard Round	84,034	167,085	0.16
Total	617,672

* these shares have been awarded to RCF Management LLC  

Application will be made for the new Ordinary Shares of Anglo Asian Mining PLC to be admitted to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company and trading of these shares on AIM is expected to commence on 7 November 2008.

The total number of Ordinary Shares with voting rights following this issue is 102,756,134.

For further details, please contact: 

Anglo Asian Mining PLC        

Khosrow Zamani, Chairman                      [phone]

Reza Vaziri, Acting Chief Executive           [phone]        

Andrew Herbert, Chief Financial Officer    [phone]

Numis Securities Limited

John Harrison, Nominated Adviser             [phone]

James Black, Corporate Broking

Parkgreen Communications

Sue Scott                                                   [phone]

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