AMBR.L Regulatory News (AMBR)

18 Jan 2008 11:51

Ambrian Capital PLC18 January 2008 18 January 2008 AIM: AMBR Ambrian Capital plc Ambrian appointed Nominated Advisor and Joint Broker to Avocet Mining PLC Ambrian Partners Limited ("the Company"), the wholly-owned corporate finance andstockbroking subsidiary of Ambrian Capital plc, announces that it has beenappointed Nominated Advisor ("NOMAD") and joint broker to Avocet Mining PLC ("Avocet") with immediate effect. Avocet is a gold mining company with two producing gold mines and numerousexploration projects in South East Asia. Avocet has an 80% interest in theproducing North Lanut gold mine in Indonesia together with exploration andmining rights over approximately 50,000 hectares. In Malaysia, Avocet has 100%ownership of the Penjom Mine in the centre of Malaysia. Penjom produced its onemillionth ounce of gold in April 2007 and has increased its reserves andresources in each of the last 5 years. Avocet's exploration group is active around its mines in Indonesia and Malaysia,as well as examining grass roots and developed projects in Malaysia, Indonesiaand China, and has added 3.5 million ounces of resources between 2002 and 2007. Avocet listed on the London Stock Exchange in 1996 and on the AIM market of theLondon Stock Exchange in July 2002. Avocet has a market capitalisation of GBP202.7m. Richard Chase, Head of Mining and Chief Operating Officer at Ambrian Partnerscommented "We are delighted to be appointed NOMAD and joint broker to AvocetMining PLC. Avocet has achieved consistent growth and success, building itsresource base and a well-diversified portfolio. The strength of Ambrian's NOMAD,and equity sales and research offerings together with our in-depth understandingof the sector put us in an optimal position to support and complement Avocet'scontinued growth and success." For further information contact: Richard Chase Tel: +44 (0) 20 7776 6400Head of Mining, Ambrian Partners Limited This information is provided by RNS The company news service from the London Stock Exchange