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Medusa Mining Ltd (MML)

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Friday 16 December, 2011

Medusa Mining Ltd

Exercise of Options & Issue of Equity

RNS Number : 1250U
Medusa Mining Limited
16 December 2011
 

 

16 December 2011

 

Medusa Mining Limited

 

Exercise of Options and Issue of Equity

 

Medusa Mining Limited ("Medusa Mining" or "the Company") announces that, pursuant to the exercise of unlisted options by an option holder, it has today issued 66,000 ordinary shares of nil par value. The options were exercised at a price of A$1.25 per share.

 

Application will be made to the UK Listing Authority and to the London Stock Exchange for 66,000 ordinary shares of nil par value to be admitted to the Official List and to trading on the Main Market of the London Stock Exchange.  It is expected that dealings will commence on or around 19 December 2011.

 

The new ordinary shares will rank pari passu in all respects with the existing ordinary shares and, following admission, the Company's increased share capital will comprise 188,903,911 ordinary shares with voting rights. Therefore, the total number of voting rights in the Company will be 188,903,911.

 

The total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Service Authority's Disclosure and Transparency Rules.

 

 

For further information, please contact:

 

Australia


Medusa Mining Limited

      +61 8 9367 0601

Geoffrey Davis, Chairman


Peter Hepburn-Brown, Managing Director


United Kingdom


Fairfax I.S. PLC

      +44 (0)20 7598 5368

Financial Adviser and Broker


Ewan Leggat/Laura Littley


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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