Conversion of loan note

RNS Number : 9863Q

Aurum Mining PLC

05 December 2016

 

5 December 2016

AURUM MINING PLC

("Aurum" or the "Company")

Conversion of loan note

Issue of equity

Aurum Mining plc (AIM: AUR), the Spanish focused gold and tungsten explorer, announces that it has received notice to exercise the £50,000 of loan notes referred to in the announcement of 25 November 2016, into equity at a price of 1 pence per share in accordance with the terms set out on 11 February 2016. 

Application has been made for the 5,000,000 new ordinary shares to be admitted to trading on AIM, which is expected to take place on 9 December 2016. The new ordinary shares will rank pari passu with the existing ordinary shares in issue.

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA, the Company confirms that, following this issue, its issued share capital will comprise 333,750,286 Ordinary Shares of 1 pence each. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company immediately following Admission will therefore be 333,750,286.

Contacts:
Aurum Mining plc	www.aurummining.net
David Williams	[phone]
Chris Eadie	[phone]
WH Ireland Limited	Nominated Adviser & Broker
Mike Coe, Ed Allsopp	[phone]
Powerscourt	[e-mail]
Ben Griffiths, Andy Jones	[phone]

Notes to Editors:

Aurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.

Gold

Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a 56.5% interest in the Pino de Oro project in Zamora Province and a 51.4% interest in the Peralonso and Cabeza projects in Salamanca Province.

Tungsten

Aurum's 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating production from the site of high quality tungsten concentrates.

 

END

 

 

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