Shearwater Regulatory News (SWG)

29 Mar 2007 15:38

Aurum Mining PLC29 March 2007 For immediate release 29 March 2007 AURUM MINING PLC ("Aurum" or "the Company") Additional Listing Aurum Mining plc (AIM: AUR) is pleased to announce that application has beenmade for the admission to trading on AIM of 2,664,396 ordinary shares of 1p each("Shares") in the Company, pursuant to the conversion of the remainingoutstanding £847,000 nominal of the Company's Secured Convertible Loan Note 2009and associated accrued interest. Upon issue, the Shares will rank pari passuwith the Company's existing issued ordinary shares, and dealings in the Sharesare expected to commence on 30 March 2007. Following admission of the Shares, Sean Finlay, Non-Executive Chairman, and MarkJones, Chief Executive Officer, will be interested in an additional 62,721 and313,612 Shares respectively. Mr Finlay's total resultant holding will be 312,721Shares, representing approximately 0.69 per cent. of the Company's issuedordinary share capital, and Mr Jones's total resultant holding will be 313,612Shares, representing approximately 0.70 per cent. of the Company's issuedordinary share capital. Upon admission, the Company's enlarged issued share capital will comprise45,467,005 ordinary shares with voting rights. The Company does not hold anyshares in treasury. This figure of 45,467,005 ordinary shares may be used byshareholders in the Company as the denominator for the calculations by whichthey will determine if they are required to notify their interest in, or achange in their interest in, the share capital of the Company under the FSA'sDisclosure and Transparency Rules. For further information: Aurum Mining plc Tel: 020 7478 9050Mark Jones, Chief Executive OfficerChris Eadie, Chief Financial Officer Arbuthnot Securities Tel: 020 7012 2000Graham SwindellsJohn Toll Buchanan Communications Tel: 020 7466 5000Mark Court / Rebecca Skye Dietrich Notes to editors Aurum Mining, which joined the AIM market of the London Stock Exchange in May2004, is a mining company focussed on gold opportunities in the Former SovietUnion. Its principal asset is an exploration licence over the Andash gold andcopper project in the Kyrgyz Republic. A mining licence for Andash Zone 1 wasawarded by the Kyrgyz authorities in 2006. The bankable feasibility studycompiled by Wardell Armstrong International, also in 2006, confirmed a measuredand indicated resource base of 19.2 million tonnes at 1.1 grams per tonne ofgold and 0.4% copper, which equates to 1.1 million ozs of gold and goldequivalent. Initial production at Andash Zone 1 is expected in 2008. The Andashproject also includes Zone 2 and Zone 3 along with Tokhtonysay, Nakhodka andthree other additional exploration areas. This information is provided by RNS The company news service from the London Stock Exchange