Atalaya Mining Regulatory News (ATYM)

THIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE LONDON STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO APPROVED. 

 7 December 2017

Atalaya Mining plc

("Atalaya" or the "Company")

Placing of new ordinary shares raising approximately £31 million

Atalaya Mining plc (AIM:ATYM, TSX:AYM), the European mining and development company, today announces that, further to the announcement made on 4 December regarding the placing, it has successfully placed 18,574,555 new ordinary shares ("Placing Shares") with new institutional investors and existing shareholders. The Placing Shares will be issued at a price of 167 pence per share raising gross proceeds of approximately £31 million.

The Placing Shares represent approximately 16 per cent. of Atalaya's existing issued share capital. Application for admission of the Placing Shares to trading on AIM has been made and the Placing Shares are expected to commence trading on 12 December 2017 ("Admission"). Conditional approval of the Toronto Stock Exchange for the listing of the Placing Shares has been obtained and as such, shares will be listed on closing of the Placing. The Placing is expected to close and settle on 12 December 2017, subject to Admission.

The Company's enlarged issued ordinary share capital immediately following the issue of the Placing Shares will be 135,254,110 voting ordinary shares.

Following the issue of the Placing Shares, the Company's largest shareholders will have the following shareholding:

· Trafigura Beheer B.V. will own 30,821,213 ordinary shares representing approximately 22.8 per cent. of the enlarged issued share capital;

· Yanggu Xiangguang Copper Co. Ltd will own 30,706,232 ordinary shares representing approximately 22.7 per cent. of the enlarged issued share capital;

· Liberty Metals & Mining LLP will own 19,578,947 ordinary shares representing approximately 14.5 per cent. of the enlarged issued share capital; and

· Orion Mine Finance (Master) Fund I LP will own 18,786,609 ordinary shares representing approximately 13.9 per cent. of the enlarged issued share capital.

BMO Capital Markets Limited ("BMO") and Canaccord Genuity Limited ("Canaccord Genuity") acted as joint bookrunners in relation to the Placing (the "Bookrunners").

The Placing Shares issued will be subject to a statutory hold period under Canadian securities laws for four months and one day following the closing.

Alberto Lavandeira, CEO of Atalaya said:

"The Company welcomes the support from existing shareholders and new institutional investors through the Placing. The funds raised will allow the Company to begin executing on its 15 Mtpa Expansion plan immediately."

For further information, please contact:

This announcement is restricted, and is not for publication, release or distribution, directly or indirectly, in whole or in part, in or into the United States, Canada, Australia, New Zealand, Japan, the Republic of Ireland or the Republic of South Africa or any other jurisdiction in which such publication or distribution would be unlawful.

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States. The securities mentioned herein have not been and will not be registered under the US Securities Act of 1933 ("Securities Act"), as amended or under any securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered, directly or indirectly, in or into the United States, except to "qualified institutional buyers" ("QIBS"), as the term is defined in rule 144a under the Securities Act), in reliance on an exemption from the registration requirements of the securities act, or in a transaction not subject to the registration requirements of the securities act and, in each case, in compliance with the securities laws of any state or other jurisdiction of the United States. There will be no public offer of the securities within the meaning of section 4(a)2 of the Securities Act made in the United States.

The securities mentioned herein will have not been approved or disapproved by the SEC, any state securities commission or any other regulatory authority in the United States, nor have any of the foregoing authorities passed upon or endorsed the merits of the placing or the accuracy or adequacy of the contents of this announcement. Any representation to the contrary is a criminal offence in the United States.

This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

BMO and Canaccord Genuity, which are authorised and regulated in the United Kingdom by the FCA is acting for the Company and no one else in relation to the Financing and Admission and they will not be responsible to anyone other than the Company for providing the protections afforded to customers of BMO or Canaccord Genuity or for providing advice in relation to any matter contained in this document or any matter or arrangement referred to in it. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by BMO or Canaccord Genuity or by any of their affiliates or agents, as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.

Certain statements in this announcement may be forward-looking. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance or guarantee that these expectations will prove to have been correct. Because these statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements.