Cambridge Mineral Resources plc

Cambridge Mineral Resources plc

March 19, 2008 09:27 ET

Cambridge Mineral Resources Plc: Placing

LONDON, UNITED KINGDOM--(Marketwire - March 19, 2008) - Cambridge Mineral Resources plc (AIM:CMR)("CMR" or "the Company"), the mining exploration and production company, is pleased to announce that it has raised Pounds Sterling 400,000, before expenses, through a placing of 20,000,000 new ordinary shares at 2p each with Allianz Equity Investments Ltd. The funds will be used for general business development including the initial capital requirement for the advancement of the Company's silver mine in Peru towards commencement of production.

Application has been made for the admission of the new shares to trading on AIM with dealings expected to commence on 26 March 2008.

Editors' Note

Cambridge Mineral Resources plc is an AIM-quoted mining and exploration company.

CMR's principal focus is the exploration for, and production of, precious metals in South America. It also owns interests in gold, copper, zinc and uranium projects in Europe.

The Company has a strong portfolio of mineral projects at varying stages of commercialization, supporting its strategy of providing shareholders with attractive upside opportunities.

Contact Information

  • Cambridge Mineral Resources plc
    Colin Andrew
    Managing Director
    020 7663 5618
    Ruegg & Co Limited
    Gavin Burnell / Brett Miller
    Nominated Adviser
    020 7584 3663
    Hichens, Harrison and Co
    Colin Rowbury
    020 7382 7771
    Haywood Securities (UK) Limited
    Tom Beattie
    020 7031 8018
    Bankside Consultants
    Michael Padley / Louise Davis
    Financial Public Relations
    020 7367 8888