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Templar Minerals Ltd (TMP)

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Wednesday 15 September, 2010

Templar Minerals Ltd

Issue of Equity

RNS Number : 7637S
Templar Minerals Limited
15 September 2010
 



Templar Minerals Ltd/ Epic: TMP / Market: AIM / Sector: Mining & Exploration

15 September 2010

Templar Minerals Limited 

('Templar' or 'the Company')

 

Issue of Equity

 

Templar Minerals Ltd, the AIM quoted international mining and exploration company, announces that, following the acquisition of Ortac Resources Plc, and as part of the Acquisition Agreement which is summarised in paragraph 6 of Part I of the Admission Document published on 30 July 2010, it has now issued to Tournigan Energy Ltd ("Tournigan") 87,688,530 new Ordinary Shares equal to the value of US$1,350,000 at a price of 1 pence per share.

 

In addition Templar has paid $550,000 in cash to Tournigan as agreed.

 

Application has been made for the 87,688,530 new Ordinary Shares, which will when issued rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM and trading is expected to commence on 21 September 2010.  Following the issue of the new Ordinary Shares as set out above, the total number of shares in issue will be 1,734,275,487.

 

 

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

 

Vassilios Carellas

Templar Minerals Ltd

Tel: +44 (0) 20 7440 0646

Charles Wood

Templar Minerals Ltd

Tel: +44 (0) 20 7440 0646

Roland Cornish

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Rosalind Hill Abrahams

Beaumont Cornish Limited

Tel: +44 (0) 20 7628 3396

Hugo de Salis

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Susie Callear

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

Lottie Brocklehurst

St Brides Media & Finance Ltd

Tel: +44 (0) 20 7236 1177

 

 


This information is provided by RNS
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