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AYM Anglesey Mining Plc

1.35
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Anglesey Mining Plc LSE:AYM London Ordinary Share GB0000320472 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% 1.35 1.30 1.40 1.35 1.35 1.35 152,805 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Metal Mining Services 0 -961k -0.0023 -5.87 5.67M

Anglesey Mining PLC Placing of New Shares for GBP0.3 million

30/11/2016 7:00am

UK Regulatory


 
TIDMAYM 
 
30th November 2016 
                                                                   LSE: AYM 
 
Placing of New Shares for GBP0.3 million 
 
Anglesey Mining plc is pleased to announce that it has today agreed to issue 
12,000,000 new ordinary shares, representing approximately 6.95% of the 
Company's enlarged issued share capital, at 2.585 pence per share in a 
placement to institutions, to raise a total of GBP310,200. 
 
The proceeds of issue will be used for project development of its 100% owned 
Parys Mountain zinc-copper-lead deposit in North Wales, UK and for general 
working capital. 
 
The Parys Mountain property is a significant zinc, copper and lead deposit with 
small amounts of silver and gold, with a reported a resource of 2.1 million 
tonnes at 6.9% combined base metals in the indicated category and 4.1 million 
tonnes at 5.0% combined base metals in the inferred category. An updated 
scoping study is currently being prepared by Micon International Limited and 
Fairport Engineering Limited, both of which are acknowledged experts and 
leaders in the resources sector. 
 
The directors have authorised the issue of the new shares under the 
dispensation approved at the last AGM on 28th September 2016.  The new ordinary 
shares of 1 pence each to be issued in respect of this transaction will rank 
pari passu with the existing ordinary shares of the company. The transaction is 
conditional on the admission of the new ordinary shares to the Official List 
and to trading on the London Stock Exchange's main market. 
 
Application will be made for these shares to be admitted to both the Official 
List and to trading on the London Stock Exchange's main market for listed 
securities and it is expected that such admission will become effective and 
dealings will commence on or 14th December 2016. 
 
Following the allotment of these new ordinary shares becoming unconditional, 
the issued ordinary share capital of the company will be 172,608,051 ordinary 
shares of 1 pence each with voting rights; there are no shares held in 
treasury.  This figure may be used by shareholders as the denominator for the 
calculations which will determine whether they are required to notify their 
interest in the company, or any change to that interest, under the Financial 
Conduct Authority's Disclosure and Transparency Rules. 
 
Bill Hooley, CEO, stated "We are very pleased to announce this financing, which 
represents significant support for Anglesey Mining, and we look forward to 
completion of the updated scoping study and to expedite development of the 
Parys Mountain project." 
 
About Anglesey Mining plc 
 
Anglesey is carrying out development and exploration work at its 100% owned 
Parys Mountain zinc-copper-lead deposit in North Wales, UK with a reported 
resource of 2.1 million tonnes at 6.9% combined base metals in the indicated 
category and 4.1 million tonnes at 5.0% combined base metals in the inferred 
category 
 
Anglesey holds a 6% interest and management rights to the Grangesberg Iron 
project in Sweden, together with a right of first refusal to increase its 
interest by a further 51%. 
 
Anglesey also holds 15.3% of Labrador Iron Mines Holdings Limited which has 
direct shipping iron ore deposits in Labrador and Quebec and is currently 
undergoing a financial restructuring. 
 
                   For further information, please contact: 
                Bill Hooley, Chief Executive +44 (0)1492 541981 
              Danesh Varma, Finance Director +44 (0)207 653 9881 
             Elliot Hance, Beaufort Securities+44 (0)207 382 8300 
 
 
 
END 
 

(END) Dow Jones Newswires

November 30, 2016 02:00 ET (07:00 GMT)

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