24 Dec 2013 07:00
24 December 2013
Bellzone Mining plc
("Bellzone" or the "Company")
Issue of Shares to Director
Bellzone Mining plc (AIM:BZM) announces that 1,000,000 ordinary shares of no par value that rank pari passu with the existing ordinary shares of the Company ("Ordinary Shares") were today issued at £0.01 each to Mr Glenn Baldwin, Chief Executive Officer and Executive Director. The issue of the shares is made pursuant to the terms of Mr Baldwin's service agreement as disclosed in the Company's 2012 Annual Report.
Following today's issue of shares, Mr Baldwin now holds a total of 1,000,000 Ordinary Shares.
Application has been made for the shares to be admitted to trading on AIM. Admission is expected to take place at 8.00 a.m. on 31 December 2013. Following the admission to AIM, the total number of issued Ordinary Shares in Bellzone to which voting rights are attached on the basis of one vote per Ordinary Share held will be 742,324,485. The above total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
Bellzone Mining plc
Peta Baldwin, Corporate Affairs +44 (0) 1534 513 500
Investec Securities
Nominated Advisor and Broker
Chris Sim / Jeremy Wrathall / Jeremy Ellis +44 (0) 207 597 5970
Bell Pottinger
Financial Public and Investor Relations
Daniel Thöle +44 (0) 207 861 3232
About Bellzone Mining Plc
Bellzone Mining plc ("Bellzone") is an exploration and resource development company with iron ore
("Fe") and nickel/copper permits in the Republic of Guinea, West Africa. Bellzone's flagship project,
Kalia, contains JORC-compliant resources of 913.2 million tonnes at 36.3% Fe of oxide and supergene banded iron formation, including 124.2 million tonnes at 53.5% Fe, and a globally significant magnetite resource of 4.72 billion tonnes at 29.3% Fe. There is a Probable Reserve of 59.8Mt at 54.1% Fe within the high grade indicated oxide mineral resource which underpinned a BFS for Kalia Project 1 ("KP1") released via an RNS announcement on 17 September 2013.
Bellzone and China International Fund each hold a 50% investment interest in the holding company of the joint venture operations at the Forécariah iron ore mine which commenced production in May
2012.