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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Cambridge Mins. | LSE:CMR | London | Ordinary Share | GB0001826303 | 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% | 0.34 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Cambridge Mineral Resources plc / Ticker: CMR / Index: AIM / Sector: Mining & Exploration 10 September 2008 Cambridge Mineral Resources plc ('CMR' or 'the Company') Equity Placing Cambridge Mineral Resources plc, the AIM listed mining exploration and production company primarily targeting precious metals in South America, has received share placing commitments to raise £360,000 ('the Placing') through the issue of 36,000,000 new ordinary shares of 1pence at 1.0p per share ('Placing Shares'). The Placing Shares will represent 11 per cent of the Company's enlarged issued share capital following the Placing, and will, when issued, rank pari passu in all respects with the existing issued ordinary shares. The placing is conditional, inter alia, on the new ordinary shares being admitted to trading on AIM for which application is being made to the London Stock Exchange and it is expected that admission will become effective and that trading in the Placing Shares will commence on or around 16th September 2008. CMR's Managing Director Colin Andrew said, "It is the Company's continuing strategy to acquire established exploration projects to develop into economically mineable reserves of precious metals providing the Company with an output equivalent to 100,000 oz gold per annum. With a strong and ever-developing portfolio of mineral projects located in South America, it was necessary for the Company to raise £360,000 for general working capital while we strive towards achieving our goal of bringing our key project, the Quintana gold mine in Colombia, into production by the end of this year." The total number of ordinary shares in issue following the placing will be 327,115,704. ** ENDS ** For further information, visit www.cambmin.co.uk or contact: Colin Andrew Cambridge Mineral Resources plc +44 (0) 20 7663 5618 Managing Director candrew@iol.ie Michael Burton Cambridge Mineral Resources plc +44 (0) 20 7663 5618 Finance Director mburton@cambmin.co.uk Gavin Burnell / Ruegg & Co Limited +44 (0) 20 7584 3663 Roxane Marffy Colin Rowbury Hichens, Harrison and Co +44 (0) 20 7382 7771 Tom Beattie Haywood Securities (UK) Limited +44 (0) 20 7031 8018 Victoria Thomas St Brides Media & Finance Ltd +44 (0) 20 7236 1177 Notes to Editor Cambridge Mineral Resources plc is an AIM listed mining and exploration company focussed on becoming a producer of precious metals with an output equivalent to 100,000 oz gold per annum. Primarily targeting precious metals in South America, its strategy is to acquire established resources at advanced stage exploration or near term production and develop them to economically mineable reserves through further exploration. It has a strong portfolio of mineral projects at varying stages of commercialisation including its two key projects, the Quintana gold mine in Colombia, which is anticipated to commence production by the end of 2008, and the Rasuhuilca silver-gold mine in Peru. The Company also has a portfolio of assets in Europe, which it is currently in the process of seeking to divest through either joint-venture or sale. Cambridge Mineral Resources Plc
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