Agricola Resources plc
LSE : AGRI

August 12, 2009 07:00 ET

Issue of Equity

                                                                                        12 August 2009
                                                                             GB0003046835/GBP/PLUS-exn

                                                   
                                        AGRICOLA RESOURCES PLC
                                     ("Agricola" or the "Company")

                                            Issue of Equity
                                                   
The  directors of Agricola are pleased to announce the issue of 2,000,000 new ordinary shares of  1
pence each at a price of 1p per share, raising £20,000 for the Company.

The  shares  were  acquired by Mr. Bruce Rowan (1,000,000) and Beowulf Mining plc (1,000,000).  As  a
result  of  his acquisition, Mr. Bruce Rowan is interested in 27,628,571 ordinary shares, representing
17.44%  of  the  enlarged issued share capital. Of these shares, 23,328,571 (14.72%) are  beneficially
owned  by  Mr.  Bruce Rowan and his wife and 4,300,000 (2.71%) are owned by Starvest  PLC,  a  company
controlled  by  Mr.  Rowan. Following its acquisition, Beowulf Mining plc is interested  in  8,500,000
ordinary shares, representing 5.36% of the enlarged issued share capital.

The  money  raised by this issue of shares will be used to acquire gold properties in the  Anti  Atlas
Mountains of North Africa in line with the re-direction of the Company's activities announced  at  the
Company's Annual general Meeting on 30 July 2009.

Following  this issue there will be 158,455,500 ordinary shares in issue. The directors' shareholdings
remain at 2,513,452 ordinary shares, representing 1.59% of the enlarged issued share capital.

The directors of Agricola accept responsibility for this announcement.

For further information contact:-

Agricola Resources PLC                                               +44 (0)1353 649 379
Dr. Robert Young
Chairman

Corporate Adviser                                                    +44 (0)20 7628 5582
St Helen's Capital Plc
Duncan Vasey/Mark Anwyl

Contact Information

  • Agricola Resources plc