Last checked at 8 Jun 2012 09:52
Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
Anglo Asian Mining plc ('Anglo Asian' or 'the Company')
Issue of Equity
Anglo Asian Mining plc, the AIM listed gold producer, announces that application has been made for 350,000 new ordinary shares of 1 pence to be admitted to trading on AIM pursuant to the exercise of options by an employee of the Company (the "Option Exercise"). The options have an average exercise price of 7.11 pence per share.
The 350,000 new ordinary shares issued pursuant to the Option Exercise will rank pari passu with the Company's existing ordinary shares and admission to trading on AIM is expected to take place on or around 15 June 2012 ("Admission").
The total enlarged issued share capital of the Company following Admission will be 111,397,307 ordinary shares of 1 pence each. This 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, the share capital of the Company under the Disclosure and Transparency Rules of the UK Financial Services Authority.
**ENDS**
For further information please visit www.angloasianmining.com or contact:
Reza Vaziri | Anglo Asian Mining plc | Tel: +994 12 596 3350 |
Andrew Herbert | Anglo Asian Mining plc | Tel: +994 12 596 3350 |
Ewan Leggat | Fairfax I.S. PLC | Tel: +44 (0) 20 7598 5368 |
Laura Littley | Fairfax I.S. PLC | Tel: +44 (0) 20 7598 5368 |
Felicity Edwards | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Notes:
Anglo Asian Mining plc (AIM:AAZ) is a gold producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company has a 1,962 sq km prospective exploration portfolio, assembled on the back of analysis of historic Soviet geological data and held under a Production Sharing Agreement ('PSA') based on the Azeri oil industry. The Company developed Azerbaijan's first operating gold/copper mine, Gedabek, which commenced gold production in May 2009. Gold production for the year ended 31 December 2011 totalled 57,068 oz of gold.
Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in Central Asia and Caucasia in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company focussed in these regions.