Issue of Equity

9 Feb 2009 12:54



Avocet Mining PLC ('Avocet' or the 'Company')

Issue of Equity

Further to the announcement dated 3 February 2009, the Company has today issued 500,000 ordinary shares of 5 pence each ('Shares'), due to Mathanha Mining following the declaration of an initial JORC resource of 966,300 ounces of gold at the Company's Doup project. 

The Shares issued today will rank pari passu with all other existing Shares. Application has been made to the AIM Market of the London Stock Exchange ('AIM') for the admission to trading of 500,000 Shares to trading on AIM ('Admission'). Admission is expected to occur at 08:00 a.m. on 13 February 2009.

Contacts:

Jim Wynn, Company Secretary, Avocet Mining PLC, 020 7907 9000

Richard Brown, Richard Greenfield, Ambrian Partners Limited, 020 7634 4700