Aminex Regulatory News (AEX)

10 Aug 2009 10:15



NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN PART OR IN WHOLE IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, SWITZERLAND

10 August, 2009

Aminex PLC ("Aminex" or "the Company")

Further Placing raises Stg£1.44 million

Following the oversubscription for the Company's recent Open Offer, as announced on 5 August, 2009, Aminex advises that it has now, in light of this high demand, successfully placed an additional 24 million new Ordinary Shares at Stg6p each raising approximately Stg£1.44 million before expenses ("Further Placing"). The Further Placing, which represents 6.7% of the existing issued ordinary share capital of the Company, utilizes a portion of the Company's existing allotment and pre-emption disapplication authorities.

The proceeds of the Further Placing will be applied to accelerate the Company's existing exploration and drilling programmes and to take advantage of suitable exploration opportunities as they present themselves. 

Application has been made to the Irish Stock Exchange and to the UK Listing Authority for 24,000,000 new Ordinary Shares which are the subject of the Further Placing to be admitted to the Official List of the Irish Stock Exchange and the Official List maintained by the UK Listing Authority. Application has also been made to the Irish Stock Exchange and the London Stock Exchange for admission of such new Ordinary Shares to trading on their respective main markets for listed securities. It is expected that admission will become effective and that dealings in the new Ordinary Shares will commence at 8.00 a.m. on 13 August 2009.

Aminex chairman Brian Hall commented on the placing, "We very much welcome this further interest in the Company and the funds will be deployed in enhancing Aminex's activities in Tanzania and the USA. The combined placings and the open offer total approximately £10.2 million and the strengthened balance sheet will allow Aminex to move ahead strongly with its projects." 

J&E Davy (''Davy'') (which is regulated in Ireland by the Irish Financial Services Regulatory Authority) and Astaire Securities plc (''Astaire Securities") (which is regulated in the UK by the Financial Services Authority) are acting exclusively for Aminex in connection with the Further Placing and for no one else and will not be responsible to any other person for providing the protection afforded to customers of Astaire Securities or Davy respectively nor for providing advice in connection with this announcement.

This announcement does not constitute, or form part of, an offer of, or the solicitation of any offer to subscribe for or buy, any of the Ordinary Shares to be issued or sold in connection with the Further Placing.

The offer of new Ordinary Shares in certain jurisdictions may be restricted by law and therefore potential investors should inform themselves about and observe any such restrictions. This announcement is not for publication or distribution, directly or indirectly, in or into the United States, Australia, Canada, New Zealand, Switzerland or any other jurisdiction in which such publication or distribution would be a violation of the relevant laws of such jurisdiction. This announcement is for information only and does not constitute an offer or invitation to acquire or dispose of Ordinary Shares in the United States, Australia, Canada, New Zealand, Switzerland or any other jurisdiction in which such offer or invitation would be a violation of the relevant laws of such jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offering of Ordinary Shares in Aminex in the United States. The Ordinary Shares have not been and will not be registered under the US Securities Act of 1933, as amended ('the Securities Act'), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. 

Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser.

The distribution of this announcement may be restricted by law. No action has been taken that would permit the possession or distribution of this announcement in any jurisdiction where action for that purpose is required.