Rosebank Regulatory News (ROSE)

9 Nov 2007 07:01

Vane Minerals PLC09 November 2007 9 November 2007 VANE Minerals Plc (AIM:VML) ('VANE' or the 'Company') Notice of EGM & Increase in proposed placing VANE announces that a notice convening an Extraordinary General Meeting ('EGM')has been sent to shareholders on 7 November 2007. The EGM is scheduled forShareholders to vote on the proposed placing as announced on 2 November 2007. Itis to be held at the offices of Hammonds Solicitors, at 7 Devonshire Square,Cutlers Gardens, London, EC2M 4YH on 30 November 2007 at 11.00 am. In addition, the Company announces, further to the statement on 2 November 2007,that Westwind Partners has exercised an option it had agreed with the Company toincrease the size of the proposed share issue to £6.25 million, by placing anadditional 7,142,857 Ordinary shares. Accordingly, at the EGM resolutions will be put to Shareholders to approve theissue of 35,714,285 Ordinary shares. As previously announced, the net proceeds of the placing are to be usedprimarily for accelerating VANE's breccia pipe drilling campaign in northernArizona, where the Company has 39 drill targets, and for proceeding to furtherrounds of drilling on the Company's six properties in Utah. Enquiries: VANE Minerals Plc Westwind Partners Ambrian Partners Limited Parkgreen CommunicationsMatthew Idiens Paul Newman Richard Brown Laura Llewelyn / Beth Harris+44 (0) 20 7667 6322 +44 (0) 20 7290 9713 +44 (0) 20 7776 6417 +44 (0) 20 7851 7480 For further information, please review: www.vaneminerals.com. About VANE Minerals: VANE Minerals was founded by the former international exploration team ofFreeport-McMoRan Copper & Gold Inc., one of the world's largest producers ofcopper and gold. The Company has assembled a highly qualified and experiencedmanagement team with a proven track record in exploration and development, whohave spent their entire careers searching for and defining large-scale mineraldeposits. The Company is using the silver/gold production at its Diablito mine in Mexicoto help fund exploration work across its attractive portfolio. Since December 2004, VANE has built up a substantial uranium portfolio ofproperties in the Colorado Plateau region, initially targeting the Arizona stripwhich holds the highest grade deposits in the US, contained in breccia pipes. This information is provided by RNS The company news service from the London Stock Exchange