Issue of Shares

RNS Number : 4996C

Anglo Asian Mining PLC

13 November 2009

 



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

13 November 2009 

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

Issue of new shares

Anglo Asian Mining plc, the AIM listed emerging gold producer, announces the issue of 1,100,713 new ordinary shares of 1p each in the Company.  

Reason for issue:	Number of new shares
Issued to a creditor of the Company in lieu of cash payment	390,240
Issued to a creditor of the Company in lieu of cash payment	609,156
Issued in lieu of salary to an employee of the Company	101,317
Total	1,100,713

The Company expects the new shares to be admitted for trading on 18 November 2009.

In addition, the Company announces that it expects that 75,202 shares issued to Directors, as announced on 2 October 2009, will be admitted for trading on 18 November 2009.

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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