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RNS Number : 3674B
African Mining & Exploration PLC
16 February 2011
 



 

 

African Mining & Exploration plc ('AME' or the 'Company')

 

Exercise of warrants

 

African Mining & Exploration plc, (AME), the AIM listed mining company with exploration licences in Mali, West Africa, announces that on 14 February 2011 it received a notice of exercise of warrants.  The warrants have been exercised in respect of 3,193,700 Ordinary Shares of 1p par value (the "New Ordinary Shares") at an exercise price of 12.5p per share.  The net proceeds that will be received by the Company following the exercise of the warrants is £399,212.50.

The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.  Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange plc ("Admission").  It is expected that Admission will become effective on or around 22 February 2011.

Following Admission, the Company will have 74,442,680 Ordinary Shares in issue.  The New Ordinary Shares will represent approximately 4.2 per cent. of the issued share capital of the Company immediately following Admission.

 

Enquiries:

 

African Mining & Exploration plc                                             44 (0)207 499 4059

Mark Jones (Chief Executive Officer)

 

Singer Capital Markets Limited (Nomad and Broker)              44 (0)20 3205 7500

James Maxwell / Jenny Wyllie

 

Farm Street Communications

Simon Robinson                                                                        44 (0)7593340107

                                                                                                44 (0)2031764249

 

 

 

 

 


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