SOURCE: Atalaya Mining PLC

April 22, 2016 02:00 ET

Atalaya Mining plc ("Atalaya" or the "Company") Final Results for the Year Ended 31 December 2015

NICOSIA, CYPRUS--(Marketwired - Apr 22, 2016) - Atalaya Mining plc (AIM: ATYM) (TSX: AYM), the European mining and development company announces its audited results for the year ended 31 December 2015.

The full audited report, including the consolidated Financial Statements included below, is also available under the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.atalayamining.com.

Operational and Corporate Highlights for the 12 months to December 2015

  • Achieved first production in July 2015
  • Ongoing infill drilling within the Cerro Colorado pit
  • Diamond drilling programme commenced in the Corta Atalaya-San Dionisio deposit
  • Board strengthened with the appointment of two independent and three non-independent, non-executive
  •  Directors
  • Name change to reflect the Company's focus on restarting production at the Rio Tinto Copper Project ("Proyecto Riotinto")
  • One-for-30 share consolidation. As of the date of this announcement, the Company has 116,679,555 ordinary shares in issue, at 7.5p nominal value
  • £64.9 million capital raising completed via a placing, open offer and subscription at 4.75p per ordinary share (pre consolidation), backed by supportive strategic shareholders. In addition, amounts owed by the Company pursuant to the Bridge Loan and Convertible Notes were satisfied by the issue of additional shares at the same issue price of 4.75p.
  • Received a claim from Astor Management AG claiming the satisfaction of the conditions to payment of deferred consideration for the acquisition of the remaining 49% of the share capital of Atalaya Riotinto Minera in 2008. The Company is defending the proceedings vigorously

To view the full announcement please click on the following link;
http://www.rns-pdf.londonstockexchange.com/rns/9780V_1-2016-4-21.pdf

Contact Information