Issue of new shares

RNS Number : 0686A

Anglo Asian Mining PLC

01 October 2009

 



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

1 October 2009

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

Issue of new shares

Anglo Asian Mining plc, the AIM listed mining development company with gold and copper properties in Azerbaijan, announces the issue of 352,347 new ordinary shares of 1p each in the Company.  The shares were issued in lieu of cash payments to a creditor of the Company.  The shares are expected to be admitted for trading on 5 October 2009.

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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 to Editor:

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 and is targeted to produce in excess of 300,000 oz gold in the first six years of production.  

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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