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RNS Number : 3156D
African Mining & Exploration PLC
21 March 2011
 

 

 

African Mining & Exploration plc ('AME' or the 'Company')

 

Exercise of warrants

 

African Mining & Exploration plc, (AME), the AIM listed mining company with exploration licences in Mali, West Africa, announces it has received a notice of exercise of warrants in respect of 155,000 Ordinary Shares of 1p par value (the "New Ordinary Shares") at an exercise price of 12.5p per share.  The net proceeds that will be received by the Company following the exercise of the warrants is £19,375.

The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company.  Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange plc ("Admission").  It is expected that Admission will become effective on or around 25 March 2011.

Following Admission, the Company will have 84,172,306 Ordinary Shares in issue, and 57,990,993 outstanding warrants to subscribe for Ordinary Shares.  The New Ordinary Shares will represent approximately 0.2 per cent. of the issued share capital of the Company immediately following Admission. 

 

Enquiries:

 

African Mining & Exploration plc

44 (0)207 499 4059

Mark Jones (Chief Executive Officer)




Singer Capital Markets Limited

(Nomad and Broker)

44 (0)20 3205 7500

James Maxwell / Jenny Wyllie




Farm Street Communications

Simon Robinson

44 (0)759 3340 107

44 (0)203 176 4249

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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