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Statement Regarding Press Speculation

25 Mar 2011 12:14

RNS Number : 6541D

Mwana Africa PLC

25 March 2011

Mwana Africa PLC

("Mwana" or the "Company") (AIM: MWA)

Statement Regarding Press Speculation

Further to recent press speculation, the Company can confirm that it is considering an equity fundraising as one of the options to finance the restart of production at Bindura Nickel Corporation's ("BNC") Trojan mine. The pricing of an equity fundraising, if any, has yet to be determined.

The planned restart of production from the Trojan mine follows the completion of a Competent Person's Report by SRK Consulting (UK) Ltd, and, the signature of an off-take agreement with Glencore International AG whereby Glencore will purchase all the concentrate produced by BNC, as previously announced.

A further announcement will be made in due course.

Enquiries:

Mwana Africa PLC Tel: +44 (0)20 7654 5580

Oliver Baring - Executive Chairman

Nominated Adviser and Broker

Ambrian Partners Limited Tel: +44 (0) 20 7634 4700

Anthony Rowland / Jen Boorer

Public Relations

Merlin Tel: +44 (0)20 7726 8400

David Simonson

Anca Spiridon

This information is provided by RNS

The company news service from the London Stock Exchange

END

SPCSEEFEIFFSEFD

Date		Source	Headline
22nd May 2006	7:01 am	RNS	Acquisition
17th May 2006	4:20 pm	RNS	Holding(s) in Company
15th May 2006	2:47 pm	RNS	Holding(s) in Company
9th May 2006	1:44 pm	RNS	Director Share Transaction
4th May 2006	10:10 am	RNS	Holding(s) in Company
3rd May 2006	3:37 pm	RNS	Holding(s) in Company
2nd May 2006	3:11 pm	RNS	Holding(s) in Company
28th Apr 2006	7:03 am	RNS	Confirmation Adastra Approach
28th Apr 2006	7:02 am	RNS	Re. Proposal from Mwana
27th Apr 2006	5:58 pm	RNS	Holding(s) in Company
26th Apr 2006	4:24 pm	RNS	Results of Placing
26th Apr 2006	7:03 am	RNS	Cash Placing
24th Apr 2006	9:11 am	RNS	Appt Joint Broker& Exec Chair
19th Apr 2006	10:03 am	RNS	Block Admission of Shares
10th Apr 2006	7:02 am	RNS	Appt. of VP Exploration
3rd Apr 2006	7:02 am	RNS	Update on Mine Expansion
23rd Feb 2006	2:48 pm	RNS	Exercise of Options
7th Feb 2006	10:58 am	RNS	Grant of Options
27th Jan 2006	7:01 am	RNS	Speculation
26th Jan 2006	7:01 am	RNS	Holding(s) in Company
12th Jan 2006	7:01 am	RNS	Holding(s) in Company
22nd Dec 2005	7:01 am	RNS	Shares Admitted to trading
21st Dec 2005	7:01 am	RNS	Holding(s) in Company
16th Dec 2005	7:00 am	RNS	Exercise of Warrants
15th Dec 2005	8:05 am	RNS	Holding(s) in Company
15th Dec 2005	7:01 am	RNS	Board Appointments
15th Dec 2005	7:01 am	RNS	Interim Results
13th Dec 2005	7:01 am	RNS	Barclays Capital Appointment
12th Dec 2005	7:01 am	RNS	Placing by Canaccord
9th Nov 2005	2:50 pm	RNS	Holding(s) in Company
4th Nov 2005	6:20 pm	RNS	Result of AGM
27th Oct 2005	10:39 am	RNS	Grant of Options
26th Oct 2005	8:06 am	RNS	Re-admission to AIM
25th Oct 2005	11:16 am	RNS	Result of EGM
14th Oct 2005	3:30 pm	RNS	AGM Announcement
12th Oct 2005	9:23 am	RNS	Sch 1 - Mwana Africa
30th Sep 2005	7:30 am	RNS	Final Results
30th Sep 2005	7:30 am	RNS	Acquisition
30th Sep 2005	7:30 am	RNS	Restoration: African Gold plc
12th Sep 2005	7:45 am	RNS	Suspension - African Gold PLC
12th Sep 2005	7:02 am	RNS	Response to Press Speculation
12th Jul 2005	3:03 pm	RNS	Exercise of Warrants
7th Jul 2005	7:00 am	RNS	Ghana Drilling Update
6th Apr 2005	7:00 am	RNS	Ghana Update
29th Mar 2005	11:36 am	RNS	Holding(s) in Company
18th Mar 2005	7:00 am	RNS	Statement re Placing
8th Feb 2005	10:11 am	RNS	Exercise of Warrants
7th Jan 2005	11:43 am	RNS	Exercise of Warrants

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