Issue of Equity

RNS Number : 0431M

Aurum Mining PLC

10 October 2016

 

10 October 2016

AURUM MINING PLC

("Aurum" or the "Company")

Issue of equity

Aurum Mining plc (AIM: AUR), the Spanish focused gold and tungsten explorer, announces that it has issued and allotted 2,400,000 Ordinary Shares of 1 pence each in settlement of services received from a professional adviser.

Application for admission to trading on AIM of the 2,400,000 new Ordinary Shares being issued will be made and admission is expected to take place on 13 October 2016.

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA, the Company confirms that, following the Placing, its issued share capital will comprise 296,250,286 Ordinary Shares of 1 pence each. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 296,250,286.

Contacts:
Aurum Mining plc	www.aurummining.net
David Williams	[phone]
Chris Eadie	[phone]
WH Ireland Limited	Nominated Adviser & Broker
Mike Coe, Ed Allsopp	[phone]
Powerscourt	[e-mail]
Ben Griffiths, Andy Jones	[phone]

Notes to Editors:

Aurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.

Gold

Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 56.5% interest in the Pino de Oro project in Zamora Province and a 51.4% interest in the Peralonso and Cabeza projects in Salamanca Province.

Tungsten

Aurum's 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating production from the site of high quality tungsten concentrates.

 

END

 

 

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