Minco PLC Regulatory News (MIO)

30 Jul 2007 07:00

Minco PLC30 July 2007 MINCO PLC MINCO ISSUES 7.5M SHARES AT 7 PENCE/SHARE London, 30 July, 2007 - Minco plc (MIO), the London AIM quoted precious and basemetals exploration and development company announces that it has raised grossproceeds of £525,000 following the issue of 7,500,000 shares for cash toHoodless Brennan plc at a price of 7p per share, a premium of 7.7% to theclosing share price of 6.5p per share on 27 July2007 and representing 4.4% ofthe enlarged issued share capital. The funds raised are to be used to advancethe Bilbao project in Mexico and for general working capital purposes. Following the above issue, the Company's issued share capital totals 168,843,103ordinary shares of Euro 0.0125 each, with one voting right per share. The totalnumber of voting rights in the Company is therefore 168,843,103. Application will be made to the London Stock Exchange for the new ordinaryshares to be admitted to AIM and such admission is expected to occur on 2 August2007. Minco's Executive Chairman, Roger Turner, commented "As Minco progresses withthe Bilbao project in Mexico and delivers encouraging results from the drillingcampaign with Xstrata at Pallas Green in Ireland, we are pleased to have gainedthe support of Hoodless Brennan. Minco looks forward to keeping the marketinformed of continuing progress both in Mexico and in Ireland." For further information, www.minco.ie or contact:Roger Turner: Executive Chairman +44 (0)20 7397 8155Terence McKillen: Director of Exploration & Business Development +1 416 362 6686Simon Beardsmore: Commercial Manager +44 (0)20 7397 8159Chris Rollason: (UK NOMAD) Collins Stewart +44 (0)20 7523 8350Nick Bias: (UK IR & PR) BuckBias +44 (0)7887 920 530Tom McCormack (Ireland PR) ConneXions +353 (0)1 230 3015 This information is provided by RNS The company news service from the London Stock Exchange