Amara Mining PLC Announces Issue of Equity
21.03.2014 | Marketwired
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PROPOSED PLACING TO RAISE £18.2 MILLION (US$30.0 MILLION) AND PROPOSED OPEN OFFER OF UP TO £4.2 MILLION (US$6.9 MILLION)
LONDON, UNITED KINGDOM -- (Marketwired - Mar 21, 2014) - Amara Mining PLC ("Amara" or "the Company") (AIM: AMA) (TSX: AMZ), the AIM listed West African focused gold mining company, is pleased to announce a proposed placing and subscription ("the Placing") of 107,058,823 shares ("the Placing Shares") to raise £18.2 million (approximately US$30.0 million) before expenses and a proposed open offer (the "Open Offer") of 24,468,439 shares ("the Open Offer Shares") to raise up to £4.2 million (approximately US$6.9 million) at a price of 17.0 pence per share (the "Issue Price") for total proceeds of up to £22.3 million (approximately US$36.9 million). The completion of the Placing is conditional upon inter alia the approval of shareholders in a general meeting of the Company (the "General Meeting") and admission of the Placing Shares to trading on AIM. The Placing is not conditional upon the Open Offer.
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/8674C_1-2014-3-21.pdf
For more information please contact:
Amara Mining plc
John McGloin, Chairman
Peter Spivey, Chief Executive Officer
Pete Gardner, Finance Director
Katharine Sutton, Head of Investor Relations +44 (0)20 7398 1420
Peel Hunt LLP
(Nominated Adviser & Joint Broker)
Matthew Armitt
Ross Allister +44 (0)20 7418 8900
GMP Securities Europe LLP
(Joint Broker)
Richard Greenfield
David Wargo +44 (0)20 7647 2800
Bell Pottinger
(Financial Public Relations)
Mark Antelme
Lorna Cobbett +44 (0)20 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
Contact:
RNS Customer Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com
PROPOSED PLACING TO RAISE £18.2 MILLION (US$30.0 MILLION) AND PROPOSED OPEN OFFER OF UP TO £4.2 MILLION (US$6.9 MILLION)
LONDON, UNITED KINGDOM -- (Marketwired - Mar 21, 2014) - Amara Mining PLC ("Amara" or "the Company") (AIM: AMA) (TSX: AMZ), the AIM listed West African focused gold mining company, is pleased to announce a proposed placing and subscription ("the Placing") of 107,058,823 shares ("the Placing Shares") to raise £18.2 million (approximately US$30.0 million) before expenses and a proposed open offer (the "Open Offer") of 24,468,439 shares ("the Open Offer Shares") to raise up to £4.2 million (approximately US$6.9 million) at a price of 17.0 pence per share (the "Issue Price") for total proceeds of up to £22.3 million (approximately US$36.9 million). The completion of the Placing is conditional upon inter alia the approval of shareholders in a general meeting of the Company (the "General Meeting") and admission of the Placing Shares to trading on AIM. The Placing is not conditional upon the Open Offer.
Click on, or paste the following link into your web browser, to view the associated PDF document.
http://www.rns-pdf.londonstockexchange.com/rns/8674C_1-2014-3-21.pdf
For more information please contact:
Amara Mining plc
John McGloin, Chairman
Peter Spivey, Chief Executive Officer
Pete Gardner, Finance Director
Katharine Sutton, Head of Investor Relations +44 (0)20 7398 1420
Peel Hunt LLP
(Nominated Adviser & Joint Broker)
Matthew Armitt
Ross Allister +44 (0)20 7418 8900
GMP Securities Europe LLP
(Joint Broker)
Richard Greenfield
David Wargo +44 (0)20 7647 2800
Bell Pottinger
(Financial Public Relations)
Mark Antelme
Lorna Cobbett +44 (0)20 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
Contact:
RNS Customer Services
0044-207797-4400
rns@londonstockexchange.com
http://www.rns.com