Last checked at 10 Oct 2016 07:02
10 October 2016
AURUM MINING PLC
("Aurum" or the "Company")
Issue of equity
Aurum Mining plc (AIM: AUR), the Spanish focused gold and tungsten explorer, announces that it has issued and allotted 2,400,000 Ordinary Shares of 1 pence each in settlement of services received from a professional adviser.
Application for admission to trading on AIM of the 2,400,000 new Ordinary Shares being issued will be made and admission is expected to take place on 13 October 2016.
In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA, the Company confirms that, following the Placing, its issued share capital will comprise 296,250,286 Ordinary Shares of 1 pence each. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 296,250,286.
Contacts: | |
Aurum Mining plc | www.aurummining.net |
David Williams | +44 (0) 797 014 8016 |
Chris Eadie | +44 (0) 796 820 9298 |
WH Ireland Limited | Nominated Adviser & Broker |
Mike Coe, Ed Allsopp | +44 (0) 117 945 3470 |
Powerscourt | aurum@powerscourt-group.com |
Ben Griffiths, Andy Jones | +44 (0)20 7250 1446 |
Notes to Editors:
Aurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.
Gold
Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 56.5% interest in the Pino de Oro project in Zamora Province and a 51.4% interest in the Peralonso and Cabeza projects in Salamanca Province.
Tungsten
Aurum's 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating production from the site of high quality tungsten concentrates.