Alexander Mining plc

May 20, 2011 06:30 ET

Alexander Mining plc: Issue of Shares for Corporate Introduction and Total Voting Rights

LONDON, UNITED KINGDOM--(Marketwire - May 20, 2011) - Alexander Mining plc (TSX VENTURE:AXD)(AIM:AXM) ("Alexander", the "Company"), the AIM-listed mining and mineral processing technologies company, announces the issue of 500,000 new ordinary shares to Michael (Mike) O'Sullivan (former VP – Business Development, Anvil Mining Limited ("Anvil")) as an ex-gratia payment for corporate introductions. The ordinary shares have been issued fully paid at a value of 10p per ordinary share.

This payment is in consideration for his valuable introduction of Anvil and the subsequent signing of the Mutoshi joint venture agreement between Alexander and Anvil, and ongoing assistance for Alexander's mobilisation for this and other opportunities for the Company's technology in the Democratic Republic of the Congo.

Application has been made for the new ordinary shares, which will rank paripassu with all existing ordinary shares, to be admitted to trading on AIM. Admission is expected to be effective at 8.00 am on 24 May 2011.

Total Voting Rights

For the purposes of the Financial Services Authority's Disclosure and Transparency rules, the Company announces that, as of the date of this announcement and after the above noted issue of shares, the total number of ordinary shares of 10p in issue is 135,986,542 with each share carrying the right to one vote. The Company has no ordinary shares held in treasury. The total of 135,986,542 ordinary shares may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FSA's Disclosure and Transparency Rules.

The issuance of the shares has been approved by the TSX Venture Exchange. In accordance with applicable Canadian securities legislation, the shares will be issued with a legend restricting transfer in Canada for a period of four months and one day following the issuance of the shares.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Alexander Mining plc
    Martin Rosser
    Chief Executive Officer
    + 44 (0) 7770 865 341

    Alexander Mining plc
    Matt Sutcliffe
    Executive Chairman
    +44 (0) 7887 930 758

    Nominated Advisor and Joint Broker
    Ambrian Partners Limited
    Samantha Harrison / Jen Boorer
    +44 (0) 20 7634 4700

    Joint Broker
    XCAP Securities plc
    John Grant / Karen Kelly / David Newton
    +44 (0) 20 7101 7070

    Public/Media Relations
    Britton Financial PR
    Tim Blackstone
    +44 (0) 20 7242 9786

    Alexander Mining plc
    1st Floor, 35 Piccadilly
    London, W1J 0DW
    +44 (0) 20 7292 1300
    +44 (0) 20 7292 1313 (FAX)