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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Amara Ming | LSE:AMA | London | Ordinary Share | GB00B04M1L91 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 17.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAMA
RNS Number : 2991E
Amara Mining PLC
06 February 2015
06 February 2015 AIM:AMA
Amara Mining plc
("Amara" or the "Company")
RESULT OF GENERAL MEETING
On 21 January 2015, the Board of Amara, the AIM listed West African focused gold mining company, announced details of the Placing to raise GBP14.6 million (approximately US$22 million) through the issue of 91,250,000 New Ordinary Shares at an Issue Price of 16.0 pence per share.
Amara is pleased to announce that at its General Meeting held earlier today, all of the resolutions as set out in the Circular dated 21 January 2015 were duly passed.
Application has been made to AIM, a market operated by the London Stock Exchange plc, for Admission of the 91,250,000 New Ordinary Shares issued pursuant to the Placing. It is expected that Admission of the New Ordinary Shares to trading on AIM will become effective at 8.00 a.m. (London time) on 10 February 2015.
The New Ordinary Shares, when issued and fully paid, will rank pari passu in all respects with the Existing Ordinary Shares.
The New Ordinary Shares (in uncertificated form) are expected to be credited to CREST accounts on 10 February 2015 and definitive share certificates for the New Ordinary Shares (in certificated form) are expected to be despatched to shareholders by 17 February 2015.
The Placing remains conditional upon Admission occurring on or around 8.00 a.m. on 10 February 2015 or such later time or date as the parties to the Placing Agreement may determine (not being later than 8.00 a.m. on 21 February 2015).
All defined terms in this announcement shall have the meanings ascribed to them in the announcement of 20 January 2015. The Company has used the foreign exchange reference rate as at 20 January 2015 of GBP1/$1.51 in order to maintain consistency with the Circular which was sent to shareholders on 21 January 2015.
For more information please contact:
Amara Mining plc Catherine Apthorpe, Company Secretary Katharine Sutton, Head of Investor +44 (0)20 7398 Relations 1420 Peel Hunt LLP (Nominated Adviser & Joint Broker) Matthew Armitt +44 (0)20 7418 Ross Allister 8900 GMP Securities Europe LLP (Joint Broker) Richard Greenfield +44 (0)20 7647 Alex Carse 2800 Farm Street Communications (Media Relations) +44 (0)7593 Simon Robinson 340 107
About Amara Mining plc
Amara is a gold explorer/developer with assets in West Africa. The Company is focused on unlocking the value in its development projects. At Yaoure in Côte d'Ivoire, this will be done by increasing the confidence in the existing Mineral Resource and economics at the project as the Company progresses it through to Pre-Feasibility Study and Bankable Feasibility Study. At Baomahun, this will be achieved by gaining an improved understanding of the exploration upside potential and underground opportunity. With its experience of bringing new mines into production, Amara aims to further increase its production profile with highly prospective opportunities across both assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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