Issue of Shares

RNS Number : 9895U

Anglo Asian Mining PLC

02 July 2009

 



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

2 July 2009

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

Issue of Shares

Anglo Asian Mining plc, the AIM listed mining development company with gold and copper properties in Azerbaijan, announces that the following Ordinary Shares have been issued to Directors in lieu of salary/fees for the period 1 February 2009 to 30 June 2009, using the closing share price on 30 June 2009 of 14p. 

The Directors have chosen to take shares in lieu of salary/fees and expenses in order to preserve the cash in the Company for the Gedabek project.

	Number of Ordinary Shares awarded	Resulting number of Ordinary Shares held	% holding of Ordinary Shares with voting rights
Resource Capital Fund III L.P.*	41,667	6,459,523	6.26
John Sununu	160,960	10,036,390	9.72
Khosrow Zamani	29,762	195,335	0.19
Reza Vaziri	134,524	30,823,802	29.87
Total	366,913

* these shares have been awarded to RCF Management LLC  

Application will be made for the new Ordinary Shares of Anglo Asian Mining PLC to be admitted to trading on AIM. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company and trading of these shares on AIM is expected to commence on 10 July 2009.

The total number of Ordinary Shares with voting rights following this issue is 103,205,915.

* * 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]
Isabel Crossley	St Brides Media & Finance Ltd	Tel: [phone]

 

END

 

 

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