18 Aug 2008 16:00
Trans-Siberian Gold plc
Placing to raise US$12.6 million
Equity conversion of US$8.2 million existing debt
Result of Extraordinary General Meeting
Total Voting Rights
LONDON: 18 August 2008 - Further to the announcement on 28 July 2008 Trans-Siberian Gold plc ("TSG" or "the Company") (TSG.L) is pleased to announce that at the EGM held today all the resolutions proposed were approved by shareholders.
The Company is also pleased to announce that it has successfully placed 26,507,899 new ordinary shares at 25.5 pence per share raising US$12.4 million (net of expenses) with UFG Asset Management ("UFG"), two Directors (Alexander Doumnov and Peter Burnell) and other shareholders ("the Placing") and that its existing debt facilities from UFG and AngloGold Ashanti Limited ("AGA"), in aggregate US$8.2 million, have been converted into new ordinary shares, also at 25.5 pence per share, resulting in the issue of 17,241,183 new shares ("the Conversion"). The new ordinary shares resulting from the Placing and the Conversion will be admitted to trading on AIM on 19 August 2008
Following the Placing and the Conversion, the total number of shares in issue notice is 84,913,031. There are no shares held in treasury. The total number of voting rights in the Company is therefore 84,913,031.
The above figure of 84,913,031 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.
The Company has been informed of the following shareholdings in the Company following the Placing and Conversion:
| Name | Amount | Percentage |
| UFG | 44,119,555 | 51.96% |
| AGA | 25,250,797 | 29.74% |
| Alexander Doumnov | 1,600,000 | 1.88% |
| Peter Burnell | 250,000 | 0.29% |
Contacts:
TSG
Simon Olsen +44 (0) 1223 265760
Seymour Pierce
Stuart Lane +44 (0) 20 7107 8000