Aminex Regulatory News (AEX)

8 Jun 2006 14:39

Aminex PLC08 June 2006 Aminex plc 8 June 2006 Aminex plc ("Aminex" or the "Company") Placing of 9,772,768 new ordinary shares at a price of £0.30 per Placing Share to raise in aggregate £2.93 million, and grant of 4,886,384 Warrants Aminex plc is pleased to announce that the Company has entered into arrangementsto place 9,772,768 new Ordinary Shares of nominal value €0.06 each in thecapital of the Company at a price of Stg£0.30 per share (the "Placing"). The newOrdinary Shares represent approximately 6% of the issued share capital. Inaddition the Company is issuing one warrant for every two placing shares whichgive the right to subscribe for one Ordinary Share, at an exercise price of£0.34 per Share. The warrants will expire on 15 December 2007. The Placing hasbeen arranged by Davy and Oriel Securities. Proceeds of the Placing, amounting to approximately £2.93 million beforeexpenses, will primarily fund seismic and other pre-drilling studies on itsinternal frontier exploration licences, in anticipation of an active drillingcampaign which is planned for 2007. First drilling next year is likely to be inTanzania where new seismic and other data has been acquired over the last ninemonths. In addition it is anticipated that progress will be made in theDemocratic Peoples Republic of Korea, Madagascar, Kenya and Egypt. Application has been made to the Irish Stock Exchange Limited and to the LondonStock Exchange plc for the new Ordinary Shares to be admitted to the OfficialList of the Irish Stock Exchange and the Official List maintained by the UKListing Authority respectively, and to the Irish Stock Exchange and the LondonStock Exchange for admission of the new Ordinary Shares to trading. It isexpected that admission will be effective and that dealings in the new OrdinaryShares will commence on 13 June 2006. Aminex's Chief Executive, Brian Hall said: "Aminex is an early pioneer on the East African margin which has now become anarea of high interest for the oil exploration industry. The completion of ourcurrent seismic programmes and pre-drilling studies will enable us take bestadvantage of the potential of our drilling prospects. We are very pleased thatboth existing and new institutional shareholders have supported this equityplacing." For reference: Aminex (+44 20 72401600) Brian Hall Davy Corporate Finance (+353 1 6796363) Hugh McCutcheon / Fergal Meegan Oriel Securities (+44 20 7710 7600) Simon Bragg / Scott Richardson-Brown Pelham PR Archie Berens (+44 20 7743 6679) This announcement has been issued through the Companies Announcement Service of The Irish Stock Exchange. This information is provided by RNS The company news service from the London Stock Exchange