3 Nov 2008 07:00
For immediate release on 3 November 2008
ANGLO ASIAN MINING PLC
('Anglo Asian' or 'the Company')
Issue of shares
Anglo Asian Mining PLC (AIM:AAZ) announces that, in line with previous quarters, the following Ordinary Shares have been issued to Directors in lieu of salary/fees for the period 1 August 2008 to 31 October 2008, using the closing share price on 31 October 2008 of 5.95p.
The Directors have chosen to take shares in lieu of salary/fees in order to preserve the cash in the Company for the Gedabek project.
| Number of Ordinary Shares awarded | Resulting number of Ordinary Shares held | % holding of Ordinary Shares with voting rights | |
| Resource Capital Fund III L.P.* | 58,840 | 6,387,421 | 6.22 |
| John Sununu | 75,630 | 9,836,300 | 9.57 |
| Reza Vaziri | 357,151 | 30,689,278 | 29.87 |
| Khosrow Zamani | 42,017 | 143,834 | 0.14 |
| Richard Round | 84,034 | 167,085 | 0.16 |
| Total | 617,672 |
* these shares have been awarded to RCF Management LLC
Application will be made for the new Ordinary Shares of Anglo Asian Mining PLC to be admitted to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company and trading of these shares on AIM is expected to commence on 7 November 2008.
The total number of Ordinary Shares with voting rights following this issue is 102,756,134.
For further details, please contact:
Anglo Asian Mining PLC
Khosrow Zamani, Chairman +90 5558551943
Reza Vaziri, Acting Chief Executive +994 12 5963350
Andrew Herbert, Chief Financial Officer +994 12 5963350
Numis Securities Limited
John Harrison, Nominated Adviser +44 20 7260 1000
James Black, Corporate Broking
Parkgreen Communications
Sue Scott +44 20 7993 8780
Anglo Asian (AAZ)