Centamin plc
TSX : CEE
LSE : CEY

Centamin plc

February 03, 2012 02:05 ET

Centamin plc Participation in Placing

TORONTO, ONTARIO--(Marketwire - Feb. 3, 2012) - Centamin plc ("Centamin" or "the Company") (TSX:CEE)(LSE:CEY) announces that it has subscribed for 67,000,000 new ordinary shares for a consideration of £4.0 million in the conditional placing ("the Placing") announced by Nyota Minerals Limited ("Nyota") today.

Following the Placing becoming unconditional in all respects, Centamin will own 90,000,000 Ordinary Shares in Nyota, equalling 14.08% of Nyota's enlarged share capital. Centamin was previously the holder of 23,000,000 shares in Nyota via its wholly owned subsidiary North African Resources NL.

Centamin views this investment as being in keeping with its stated objective of exploration and development in the highly prospective Arabian-Nubian Shield.

ABN 86 007 700 352

Contact Information

  • Centamin plc
    Josef El-Raghy
    Chairman
    +44 (0) 20 7569 1670

    Centamin plc
    Katharine Sutton
    Head of Investor Relations
    +44 (0) 20 7569 1670
    katharine.sutton@centamin.com

    Buchanan
    Bobby Morse
    +44 (0) 20 7466 5000

    Buchanan
    Gabriella Clinkard
    +44 (0) 20 7466 5000