Issue of new shares

RNS Number : 5054U

Anglo Asian Mining PLC

15 October 2010

 



Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

15 October 2010

Anglo Asian Mining plc ('Anglo Asian' or 'the Company')

Issue of new shares

Anglo Asian Mining plc, the AIM listed emerging gold producer, announces that it was today notified of the issue of 700,000 new ordinary shares pursuant to the exercise of options at a price of 4.75 pence by members of the Company's management team.  Additionally 80,503 new ordinary shares of 29 pence each in Anglo Asian have been issued in lieu of employee bonuses. 

Exercise of options

350,000 options exercised at 4.75 pence.

Paid in lieu of bonuses

80,503 new ordinary shares issued at 29 pence.

The Company expects the new shares to be admitted for trading on 18 October 2010.

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For further information please visit www.aamining.com or contact:

Reza Vaziri	Anglo Asian Mining plc	Tel: [phone]
Andrew Herbert	Anglo Asian Mining plc	Tel: [phone]
John Harrison	Numis Securities Limited, as  Nominated Adviser	Tel: [phone]
James Black	Numis Securities Limited, as Corporate Broker	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]
Felicity Edwards	St Brides Media & Finance Ltd	Tel: [phone]

Notes:

Anglo Asian Mining plc (AIM:AAZ) is an emerging gold producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan.  The Company has a 1,962 sq km prospective exploration portfolio, assembled on the back of analysis of historic Soviet geological data and held under a Production Sharing Agreement ('PSA') based on the Azeri oil industry.  The Company developed Azerbaijan's first operating gold/copper mine, Gedabek, which commenced gold production in May 2009. 

Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in Central Asia and Caucasia in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company focussed in these regions.

 

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