28 Jun 2013 11:00
Minco plc ("Minco" or the "Company")
Director Dealings
Dublin, 28 June, 2013 - Minco Plc (AIM-"MIO"), reports that the Company was notified on 27 June 2013 of the following director dealings:
Date of Deal | Director | Number of Ordinary Shares acquired | Average Purchase Price | Resulting holding of Ordinary Shares | % of Issued Share Capital |
27 June 2013 | Peter McParland | 500,000 | 2.10p | 4,730,000 | 1.36% |
27 June 2013 | Rowan Maule | 175,000 | 2.25p | 1,000,000 | 0.29% |
There are currently 349,999,988 ordinary shares of Minco issued and outstanding.
ABOUT MINCO
Minco Plc, registered in the Republic of Ireland and listed on the AIM Alternative Investment Market of the London Stock Exchange ("MIO"), is an exploration and development company, currently engaged in zinc-lead exploration in the United Kingdom, Ireland and Canada and in a manganese project in New Brunswick, Canada and with investments in zinc‐silver projects in Mexico through holding 30 million shares (approximately 29%) in Xtierra Inc. listed on the TSX Venture Exchange (TSX.V-"XAG").
On April 30, 2013 Minco announced that it had entered into a binding agreement to complete a business combination with Buchan's Minerals Corporation ("Buchans") ("BMC" - TSX.V), subject to approval of Buchans shareholders, pursuant to which Minco will acquire all of the outstanding common shares of Buchans that it does not already own in exchange for shares of Minco by way of a statutory scheme of arrangement on the basis of 0.826 of a Minco shares for each share of Buchans. Upon completion of the acquisition of Buchans, Minco will hold 100% of the Woodstock Project. Minco already holds 15.4 million shares (approximately 10%) of Buchans.
Minco also holds a 2% NSR royalty on the Curraghinalt gold property in Northern Ireland which is being explored by Dalradian Resources Inc. (TSX-"DNA").
For further information of Minco refer to Minco's website at www.minco.ie.
For further information, www.minco.ie or contact:
John Kearney: Chairman and Chief Executive +1 416 362 6686
Danesh Varma: CFO & Company Secretary +44 (0) 8452 606 034
Peter McParland: Director - Ireland +353 (0)46 907-3709
John Frain/Fergal Meegan: (NOMAD) Davy +353 (0)1 6796363
Chris Rourke/ Guy Wheatley: (Corporate Advisor| Broker)
Beaufort International, London +44 (0)20 7382 8387