Issue of Equity

RNS Number : 3571Q

Papua Mining Plc

29 November 2016

 

Papua Mining plc

Issue of New Shares

Papua Mining plc, a UK company focused on the exploration and development of gold and copper deposits in Papua New Guinea ("PNG"), confirms that it has issued 2,222,222 new ordinary shares ("New Ordinary Shares") as consideration for services provided to the Company.

Application has been made to the London Stock Exchange for admission to trading of the New Ordinary Shares, which will rank pari passu with the existing Ordinary Shares in issue.  Admission of the New Ordinary Shares is expected to become effective at 8:00 a.m. on 2 December 2016.

Following Admission of the New Ordinary Shares, the Company will have a total of 151,994,423 ordinary shares in issue. The total number of voting rights of the Company will be 151,994,423 and this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

Enquiries:

Papua Mining plc
Hugh McCullough	[phone]
Cenkos Securities plc (Nominated Adviser and Broker)
Derrick Lee/Beth McKiernan	[phone]/9778

 

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