Exercise of Options

RNS Number : 9325D

Anglo Asian Mining PLC

10 December 2009

 



Anglo Asian Mining plc / Ticker: AAZ / Index: AIM / Sector: Mining

10 December 2009

Anglo Asian Mining plc ('Anglo Asian' or 'the Company')

Exercise of Options

Anglo Asian Mining plc, the AIM listed emerging gold producer, announces that 350,000 options have been exercised into new ordinary shares of 1p each ('Ordinary Shares') in Anglo Asian at an exercise price of 4.75p per share by an employee of the Company.

Application has been made for the 350,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to occur on 11 December 2009.

The Company's Total Voting Capital following the admission of the new Ordinary Shares will be 106,744,297 Ordinary Shares.

**ENDS**

For further information please visit www.aamining.com or contact:

Reza Vaziri	Anglo Asian Mining plc	Tel: [phone]
Andrew Herbert	Anglo Asian Mining plc	Tel: [phone]
John Harrison	Numis Securities Limited, as Nominated Adviser	Tel: [phone]
James Black	Numis Securities Limited, as Corporate Broker	Tel: [phone]
Hugo de Salis	St Brides Media & Finance Ltd	Tel: [phone]
Felicity Edwards	St Brides Media & Finance Ltd	Tel: [phone]

Notes:

Anglo Asian Mining plc (AIM:AAZ) is an emerging gold producer in Central Asia with a broad portfolio of production and exploration assets in Azerbaijan. The Company has a 1,962 sq km prospective exploration portfolio, assembled on the back of analysis of historic Soviet geological data and held under a Production Sharing Agreement ('PSA') based on the Azeri oil industry. The Company developed Azerbaijan's first operating gold/copper mine, Gedabek, which commenced gold production in May 2009 and is targeted to produce in excess of 300,000 oz gold in the first six years of production.  

Anglo Asian is actively looking to exploit its first mover advantage in Azerbaijan to identify additional projects, as well as looking for other properties in Central Asia and Caucasia in order to fulfil its expansion ambitions and become a mid-tier gold and base metal production company focussed in these regions. 

 

END

 

 

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