Last checked at 15 Sep 2010 15:09
Templar Minerals Ltd/ Epic: TMP / Market: AIM / Sector: Mining & Exploration
15 September 2010
Templar Minerals Limited
('Templar' or 'the Company')
Issue of Equity
Templar Minerals Ltd, the AIM quoted international mining and exploration company, announces that, following the acquisition of Ortac Resources Plc, and as part of the Acquisition Agreement which is summarised in paragraph 6 of Part I of the Admission Document published on 30 July 2010, it has now issued to Tournigan Energy Ltd ("Tournigan") 87,688,530 new Ordinary Shares equal to the value of US$1,350,000 at a price of 1 pence per share.
In addition Templar has paid $550,000 in cash to Tournigan as agreed.
Application has been made for the 87,688,530 new Ordinary Shares, which will when issued rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM and trading is expected to commence on 21 September 2010. Following the issue of the new Ordinary Shares as set out above, the total number of shares in issue will be 1,734,275,487.
| For further information please visit www.templarminerals.com or contact:
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| Vassilios Carellas | Templar Minerals Ltd | Tel: +44 (0) 20 7440 0646 |
| Charles Wood | Templar Minerals Ltd | Tel: +44 (0) 20 7440 0646 |
| Roland Cornish | Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
| Rosalind Hill Abrahams | Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
| Hugo de Salis | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
| Susie Callear | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
| Lottie Brocklehurst | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |