Transaction in Own Shares

RNS Number : 9850C

Griffin Mining Ld

16 March 2011

 

60 St James's Street, London SW1A 1LE, United Kingdom

Telephone: + 44 (0)20 7629 7772  Facsimile:  + 44 (0)20 7629 7773

E mail: [e-mail]

Transaction in Own Shares

16th March 2011

Griffin Mining Ltd ("the Company") announces that on 15th March 2011 Panmure Gordon purchased 150,000 of the Company's own ordinary shares ("Ordinary Shares") at an average price of 62p per share on behalf of the Company in accordance with the irrevocable and non-discretionary arrangement with Panmure Gordon, as announced on 1st February 2011. The Ordinary Shares have been purchased for cancellation (the "Purchase and Cancellation").

The purchase represented 0.08% of the Company's issued share capital before the Purchase and Cancellation and was pursuant to the byelaws of the Company and a resolution passed by the directors.

Following the cancellation of these Ordinary Shares there will be 177,666,830 Ordinary Shares in the Company in issue. There are no shares held in treasury.

For further enquiries:

Griffin Mining Limited                             [phone]

Mladen Ninkov, Chairman                                                            

Roger Goodwin, Finance Director

Panmure Gordon (UK) Limited               [phone]

Dominic Morley

Hannah Woodley                                                                         

Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).

The Company's news releases are available on the Company's web site: www.griffinmining.com

 

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