7 June 2011
Beowulf Mining Plc
("Beowulf" or the "Company")
Posting of 2010 Annual Report & Financial Statements
and AGM Notice and Change of Registrars
Beowulf (AIM: BEM; Aktietorget: BEO), the AIM and Aktietorget traded mineral exploration company which owns several exploration projects in Sweden, announces that further to the release on 28 February 2011 of its preliminary results for the year ended 31 December 2010, its Annual Report and Financial Statements together with a Notice of Annual General Meeting ("AGM") are now available to download from the Company's website at: www.beowulfmining.net and were posted to shareholders on Monday.
The Company's forthcoming AGM will be held at 4.00 p.m. on Thursday 30 June 2011 at the Doubletree by Hilton Hotel, Granta Place, Cambridge CB2 1RT.
The audited financial statements show a decrease of approximately £37,000 in administrative expenses for the year ended 31 December 2010 compared to the previously announced unaudited figure, due to a re-statement of the recognition of the profit on the transfer of licences and exploration costs to Wayland Copper Limited in respect of the Company's Ballek JV project. Accordingly, the group's reported loss for the year has decreased to £474,395 while intangible assets have been increased to £1,327,892 and total equity increased to £2,002,345 compared to the previously announced unaudited figures of £512,388, £1,287,232 and £1,964,352 respectively.
The Company also announces that its registrars have changed to Neville Registrars Limited, Neville House, 18 Laurel Lane, Halesowen, West Midlands, B63 3DA whose contact telephone number for any enquiries about shareholdings is +44 (0)121 585 1131.
Enquiries:
Beowulf Mining Plc |
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Clive Sinclair-Poulton, Chairman |
Tel: +353 (0)85 739 2674 |
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Strand Hanson Limited |
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Matthew Chandler / Simon Raggett |
Tel: +44 (0)20 7409 3494 |
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Alexander David Securities Limited |
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David Scott |
Tel: +44 (0)20 7448 9820 |
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Lothbury Financial Services Limited |
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Gary Middleton / Michael Padley |
Tel: +44 (0)20 7868 2010 |
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or visit http://www.beowulfmining.net |
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