RNS Number : 9003M
Peter Hambro Mining PLC
06 February 2009
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE RUSSIAN FEDERATION OR JAPAN OR TO US, CANADIAN, AUSTRALIAN, RUSSIAN OR JAPANESE PERSONS
6 February 2009
PETER HAMBRO MINING PLC
GOLD EXCHANGEABLE BONDS
Peter Hambro Mining Group announces that it has agreed to purchase a total of $87 million nominal of its 7% Gold Exchangeable Bonds due 2012 at an average price of US$95.00 plus accrued interest from a number of investors.
Peter Hambro, Chairman, commenting on the announcement said: "As was our stated intention, we have used part of the proceeds of today's placing to de-risk our balance sheet".
Peter Hambro Mining +44 (0) 207 201 8900
JPMorgan Cazenove +44 (0) 207 588 2828
Canaccord Adams +44 (0) 20 7050 6500
Merlin +44 (0) 207 653 6620
This announcement has been issued by and is the sole responsibility of the Company. No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by JPMorgan Cazenove or Canaccord Adams or by any of their respective affiliates or agents as to or in relation to, the accuracy or completeness of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.
JPMorgan Cazenove and Canaccord Adams, which are authorised and regulated by the Financial Services Authority are acting for the Company in connection with the Placing and no-one else and neither JPMorgan Cazenove nor Canaccord Adams will be responsible to anyone other than the Company for providing the protections afforded to clients of JPMorgan Cazenove or Canaccord Adams respectively nor for providing advice in relation to the Placing.
The distribution of this announcement and the Placing of the Placing Shares in certain jurisdictions may be restricted by law. No action has been taken by the Company JPMorgan Cazenove or Canaccord Adams that would permit an offering of such shares or possession or distribution of this announcement or any other offering or publicity material relating to such shares in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required by the Company, JPMorgan Cazenove and Canaccord Adams to inform themselves about, and to observe, such restrictions.
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