Issue of Equity
November 22 2007 - 7:30AM
UK Regulatory
RNS Number:2991I
Alba Mineral Resources PLC
22 November 2007
ALBA MINERAL RESOURCES PLC ("ALBA" or the "Company")
Issue of Equity
Further to the announcement made by the Company 7 November 2007 the Board of
Alba announce that it has issued and allotted, credited as fully paid 12,500,000
new ordinary shares in the Company at a price of 1.6 pence per share to raise
#200,000 (the "Placing"). The proceeds of the Placing will provide additional
working capital for the Company.
The new ordinary shares will rank pari passu with the existing ordinary shares.
Dealings in the new ordinary shares are expected to commence on AIM at 8:00 a.m.
on 28 November 2007.
Further details of the Placing are set out below:-
Placee Number of Alba Number of Alba Percentage
shares issued and Shares held interest in the
allotted pursuant subsequent to the enlarged issued
to the Placing Placing share capital of
Alba subsequent to
the Placing
Regency Mines Plc ("Regency")* 12,500,000 18,750,000 21.3%
* Michael Nott, a director of Alba, is also a director of Red Rock Resources
Plc, an AIM listed Company of which Regency Mines Plc (also an AIM listed
company) is a Substantial Shareholder
TOTAL VOTING RIGHTS
Following the issue of equity and in conformity with the Financial Services
Authority's Disclosure and Transparency Rules, the Company gives notice that its
voting capital consists of:
Ordinary Shares Nominal Value # Ordinary Shares held in
Treasury
88,070,100 1p 880,701 -
As Alba does not hold any ordinary shares in Treasury its total number of voting
rights equals its capital.
The above 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, Alba under the FSA's Disclosure
and Transparency Rules.
Enquiries:
Michael Nott, Director Tel: 020 7495 5326
Alba Mineral Resources Plc
Liam Murray, Nominated Adviser Tel: 020 7492 4777
City Financial Associates Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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