Anglo Asian Mining PLC Regulatory News (AAZ)

13 Nov 2009 14:15



Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

13 November 2009 

Anglo Asian Mining plc ('Anglo Asian' or 'the Company')

Issue of new shares

Anglo Asian Mining plc, the AIM listed emerging gold producer, announces the issue of 1,100,713 new ordinary shares of 1p each in the Company.

The Company expects the new shares to be admitted for trading on 18 November 2009.

In addition, the Company announces that it expects that 75,202 shares issued to Directors, as announced on 2 October 2009, will be admitted for trading on 18 November 2009.

For further information please visit www.aamining.com or contact:

Notes:

Anglo Asian Mining plc (AIM:AAZ) is an emerging 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 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 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.