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2 Oct 2009 16:30
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Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining
2 OctoberΒ 2009Β
Anglo Asian Mining plc ('Anglo Asian' or 'the Company')
Issue of Shares
Anglo Asian MiningΒ plc,Β the AIM listed emerging gold producer,Β announces that the following Ordinary Shares have been issued to Directors in lieu of salary/fees for the period 1Β JulyΒ 2009 to 30Β SeptemberΒ 2009, using the closing share price on 30Β SeptemberΒ 2009 ofΒ 13.25p.Β
The Directors have chosen to take shares in lieu of salary/feesΒ and expensesΒ in order to preserve the cash in the Company forΒ working capital atΒ the GedabekΒ gold/copper mine inΒ Azerbaijan.
|
Number of Ordinary Shares awarded |
Resulting number of Ordinary Shares held |
% holding of Ordinary Shares with voting rights |
|
|
John Sununu |
33,962 |
10,070,352 |
9.60 |
|
Khosrow Zamani |
18,868 |
204,203 |
0.19 |
|
Richard Round |
22,372 |
181,021 |
0.17 |
|
Total |
75,202 |
Application will be made for the new Ordinary Shares of Anglo Asian Mining PLC to be admitted to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company and trading of these shares on AIM is expected to commence on 12Β OctoberΒ 2009.
The total number of Ordinary Shares with voting rights following this issue isΒ 104,941,237.
* * ENDS * *
For further information please visitΒ www.aamining.comΒ or contact:
|
Reza Vaziri |
Anglo Asian Mining plc |
Tel: +994 12 596 3350 |
|
Andrew Herbert |
Anglo Asian Mining plc |
Tel: +994 12 596 3350 |
|
John Harrison |
Numis Securities Limited, as Nominated Adviser |
Tel: +44Β (0)Β 20 7260 1000 |
|
James Black |
Numis Securities Limited, as Corporate Broker |
Tel: +44Β (0)Β 20 7260 1000 |
|
Hugo de Salis |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
|
Isabel Crossley |
St Brides Media & Finance Ltd |
Tel: +44 (0) 20 7236 1177 |
Notes to Editor:
Anglo Asian Mining plcΒ (AIM:AAZ)Β is an emerging gold producer in Central Asia with a broad portfolio of production and exploration assets inΒ Azerbaijan. The Company has a 1,962 sq km prospective exploration portfolio, assembled on the back of analysis of historic Soviet geological dataΒ and held under a Production Sharing Agreement ('PSA') based on the Azeri oil industry. The Company developedΒ Azerbaijan's first operating gold/copper mine, Gedabek, which commenced gold production in May 2009 and is targeted to produce in excess of 300,000 oz gold in the first six years of production.
Anglo Asian is actively looking to exploit its first mover advantage inΒ AzerbaijanΒ to identify additional projects, as well as looking for other properties in Central Asia andΒ CaucasiaΒ in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company focussed in these regions.Β
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