First Quantum Minerals Ltd.
LSE : FQM
TSX : FM

First Quantum Minerals Ltd.

April 09, 2010 14:20 ET

First Quantum Announces Issuance of Shares

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 9, 2010) - First Quantum Minerals Ltd. ("First Quantum") (TSX:FM)(LSE:FQM) announces that it has issued 24,066 new common shares (the "New First Quantum Shares") in its capital as partial consideration for certain assets that the Company purchased pursuant to an asset purchase agreement dated February 11, 2010.

Applications have been made to the London Stock Exchange plc and the Toronto Stock Exchange (the "TSX") for the New First Quantum Shares to be admitted to trading on the Official List and the TSX. These shares will rank pari passu with First Quantum's existing common shares. The New First Quantum Shares will be admitted to trading on the Official List and the TSX at 8.00 a.m. local time on April 12, 2010.

On Behalf of the Board of Directors of First Quantum Minerals Ltd.

G. Clive Newall, President

12g3-2b-82-4461

Listed in Standard and Poor's

Certain information contained in this news release constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and forward-looking information under applicable Canadian securities legislation. Such forward-looking statements or information, including but not limited to those with respect to the prices of gold, copper, cobalt and sulphuric acid, estimated future production, estimated costs of future production, the Company's hedging policy and permitting time lines, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such factors include, among others, the actual prices of copper, gold, cobalt and sulphuric acid, the factual results of current exploration, development and mining activities, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company's documents filed from time to time with the Alberta, British Columbia, and Ontario Securities Commissions, the Autorite des marches financiers in Quebec, the United States Securities and Exchange Commission and the London Stock Exchange.

Contact Information

  • First Quantum Minerals Ltd. - North American contact
    Sharon Loung
    (647) 346-3934 or Toll Free: 1 (888) 688-6577
    (604) 688-3818 (FAX)
    sharon.loung@fqml.com
    or
    First Quantum Minerals Ltd. - United Kingdom contact
    Clive Newall
    President
    +44 140 327 3484
    +44 140 327 3494 (FAX)
    clive.newall@fqml.com
    www.first-quantum.com
    or
    Hogarth Partnership Ltd.
    Simon Hockridge
    +44 (0) 20 7357 9477