Central Asian Minerals and Resources PLC

September 08, 2010 11:00 ET

Conditional Subscription and Notice of General Meeting

                                                                                               8 September 2010
                                   Central Asian Minerals and Resources PLC
                                          ("CAMAR" or the "Company")
                                           Conditional Subscription
                                           Notice of General Meeting

The  Board  of CAMAR announces that the Company has conditionally raised £1.02 million through the subscription
by  certain existing shareholders and other investors for a total of 1,854,754 new ordinary shares  of  no  par
value  in  the  Company at a price of 55p per share. Each new ordinary share will have a warrant attached  (the
"Warrants") entitling the holder to subscribe for one additional ordinary share in the Company at  a  price  of
75p  per  share  within two years of the date of issue. If the Warrants are exercised in full, a further  £1.39
million will be raised for the Company.

The  proceeds  of  the  subscription will be applied by the Company in pursuit of its  investment  strategy  of
acquiring  stakes  or otherwise investing in companies with exploration and/or extraction rights  over  mineral
resources located in central Asia.

The  subscription is conditional, inter alia, on the waiver by shareholders of pre-emption rights contained  in
the Company's Articles of Association. Accordingly, a circular is today being posted to the shareholders of the
Company  convening a General Meeting of the Company to be held on 24  September 2010 at which  all  appropriate
resolutions will be proposed.

The Directors of CAMAR are responsible for the content of this announcement.


Central Asian Minerals and Resources PLC                                          01624 679 000
Christine Melian or John Leech

St Helens Capital Partners LLP                                                    020 7368 6959
Mark Anwyl or Duncan Vasey

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  • Central Asian Minerals and Resources PLC