17 May 2010 08:00
Metminco Limited (LSE: MNC)
("the Company")
Metminco completes the acquisition of
North Hill Holdings Group Inc
and
secures the Los Calatos Project
On 14 May 2010, the Company completed the purchase of North Hill Holdings Group Inc (North Hill) by issuing Highland Holdings Resources Inc (HHR) 150 million fully paid ordinary shares and payment of US$0.5 million to HHR. The Company must pay a further US$1.5 million to HHR on or before 1 August 2010.
North Hill is the ultimate owner of the Alpha, Gamma and Nelson tenements at the Los Calatos project on which Hampton Mining Limited (Hampton) has undertaken all drilling to date.
Hampton has an option to purchase these tenements from North Hill on or before 1 August 2010 which remains unaffected by this transaction.
Application will be made to the London Stock Exchange for the new Ordinary Shares to be admitted to trading on AIM. It is anticipated that Admission will become effective and dealings will commence on or around 21 May 2010. The new Ordinary Shares will rank pari passu, in all respects, with the existing Ordinary Shares that are currently in issue and are traded on AIM. Following admission of these shares, there will be a total of 565,629,659 Ordinary Shares in issue.
Appendix A: Shareholding Metminco Limited
| Distribution of Shareholders: |
|
|
|
|
| Category (size of holding) | Number of Ordinary Shareholders |
| 1 - 1,000 | 17 |
| 1,001 - 5,000 | 82 |
| 5,001 - 10,000 | 141 |
| 10,001 - 100,000 | 428 |
| 100,001 and above | 276 |
| Total | 944 |
| 20 Largest Shareholders - Ordinary Shares: | |||
|
| Holder Name | Number of Ordinary Fully Paid Shares Held | Percentage Held of Issued Ordinary Capital |
| 1 | HIGHLAND HOLDINGS RESOURCES INC | 150,000,000 | 21.0% |
| 2 | JUNIOR INVESTMENT COMPANY | 72,887,884 | 10.2% |
| 3 | COMPUTERSHARE CLEARING PTY LTD | 57,787,377 | 8.1% |
| 4 | MINING INVESTMENT SERVICES (ATF WSE SUPERANNUATION FUND) | 49,600,000 | 6.9% |
| 5 | TANGARRY PTY LTD | 41,066,664 | 5.7% |
| 6 | NJ HOWE & WJ HOWE (ATF HOWE SUPERANNUATION FUND) | 30,800,000 | 4.3% |
| 7 | WILNIC PTY LTD | 17,464,168 | 2.4% |
| 8 | ANZ NOMINEES LIMITED | 16,374,915 | 2.3% |
| 9 | MR MAXWELL JAMES GREEN | 15,600,000 | 2.2% |
| 10 | MINING INVESTMENT SERVICES | 12,800,000 | 1.8% |
| 11 | NATIONAL NOMINEES LIMITED | 12,600,000 | 1.8% |
| 12 | MR M. JAMES GREEN & RL GREEN (ATF GREEN SUPERANNUATION FUND) | 10,400,000 | 1.5% |
| 13 | CHILE COPPER MINE PTY LTD | 10,266,668 | 1.4% |
| 14 | MONETTI PTY LTD | 8,449,526 | 1.2% |
| 15 | MARATHON CREST PTY LTD | 6,301,572 | 0.9% |
| 16 | NUTSVILLE PTY LTD | 6,100,000 | 0.9% |
| 17 | MR COLIN SINCLAIR & MS MARIA JAUREGUIBERRY (SINCLAIR FAMILY S/F A/C) | 5,578,956 | 0.8% |
| 18 | HAMMERFEST INVESTMENTS | 5,566,668 | 0.8% |
| 19 | MR NEVILLE JOEL KATZ | 5,130,952 | 0.7% |
| 20 | MR MICHAEL HJ COWIE & MRS MARY COWIE (MHJ COWIE PVT S/F A/C) | 4,500,000 | 0.6% |
For further information contact:
Metminco Limited Tel: +61 (0) 407 524 235
John Fillmore
Daniel Stewart & Company plc Tel: 020 7776 6550
Oliver Rigby
Buchanan Communications Tel: 020 7466 5000
Tim Thompson / James Strong /
Katharine Sutton