Issue of Equity

RNS Number:3045Y
GVM Metals Ltd
14 June 2007

                                 GVM METALS LTD

                            ("GVM" or the "Company")



Further to the announcement made on 7 February 2007, GVM announces that it has
placed 11,250,000 new ordinary shares in GVM, comprising the first share payment
of the consideration for the acquisition of 70% of the shares of coal of Africa
Ltd, together with reimbursement of original due diligence and legal costs in
relation to the proposed acquisition.



Application will be made for 11,250,000 new ordinary shares to be admitted to
trading on AIM ("Shares"). Following the admission of the Shares, and the
34,868,283 shares issued pursuant to the announcement on 6 June 2007, the number
of Ordinary Shares in issue will be 207,768,703.





Contacts:



Simon Farrell - GVM Metals
+ 61 417 985 383



Olly Cairns / Romil Patel- Blue Oar Securities
[phone]




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