Funding Update

    RNS Number : 2297W
  Angus & Ross PLC
  06 June 2008
   

         

    ANGUS & ROSS PLC
    AIM: AGU.L

    ("A&R" or "the Company")


    Funding update

    Further to the Company's recent announcements relating to the loan from Cyrus Capital Partners LP and the licence relating to the Black
Angel Mine, the Company is continuing its efforts to raise further funds both to meet its short and medium term working capital position and
to fund the longer term development of the Black Angel Mine.  There are a number of discussions which are ongoing with regard to raising
funds, financing, and off-take agreements. The Company will update the market on the outcome of these discussions in due course.

 Enquiries:


 Angus & Ross plc
 Robin Andrews, Chairman
 Nicholas Hall, Chief Executive                               01751 430 988
                                                              07931 709 053

 Fox-Davies Capital
 Daniel Fox-Davies                                            0207 936 5200
 Richard Hail


 Bishopsgate Communications Limited
 Nick Rome

                                                              0207 562 3366
 Landsbanki Securities (UK) Limited
 Jeff Keating
 Fred Walsh

                                                              0207 426 9000


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