Issue of Equity

    RNS Number : 4724A
  Alba Mineral Resources PLC
  01 August 2008
   

    ALBA MINERAL RESOURCES PLC ("ALBA" or the "Company")
    Issue of Equity

    The Board of Alba announce that it has issued and allotted, credited as fully paid 5,000,000 new ordinary shares in the Company at a
price of 1.0 pence per share to raise £50,000 (the "Placing").  The proceeds of the Placing will provide additional working capital for the
Company.

    The new ordinary shares will rank pari passu with the existing ordinary shares.  Dealings in the new ordinary shares are expected to
commence on AIM at 8:00 a.m. on 7 August 2008.

    Further details of the Placing are set out below:-

    
 Placee                                Number of Alba        Number of Alba   Percentage interest
                                    shares issued and           Shares held       in the enlarged
                                 allotted pursuant to     subsequent to the  issued share capital
                                         the Placing                Placing    of Alba subsequent
                                                                                 to the Placing  
 Regency Mines Plc (*Regency*)*             2,500,000            13,934,047                 15.0%
 Starvest plc (*Starvest*)                  2,500,000            11,875,000                 12.8%




    * Michael Nott, a director of Alba, is also a director of Red Rock Resources Plc, an AIM listed Company of which Regency Mines Plc (also
an AIM listed company) is a Substantial Shareholder

    Issue of Options

    Additionally, the Company has granted Regency and Starvest an option to subscribe for a further 2,500,000 each at a price of 1 pence per
share at any time up until 31 March 2009.


    TOTAL VOTING RIGHTS

    Following the issue of equity and in conformity with the Financial Services Authority's Disclosure and Transparency Rules, the Company
gives notice that its voting capital consists of:

    
 Ordinary Shares  Nominal Value        £  Ordinary Shares held in Treasury 
 93,070,150                  1p  930,701                                  *
 




    As Alba does not hold any ordinary shares in Treasury its total number of voting rights equals its capital.

    The above figure 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, Alba under the FSA's Disclosure and Transparency Rules.

    Enquiries:

    Michael Nott, Director                                           Tel: [phone]
    Alba Mineral Resources Plc

    Liam Murray, Nominated Adviser                        Tel: [phone]
    Dowgate Capital Advisers Limited



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