Angel Mining PLC Issue of Equity (0516V)

TIDMANGM

RNS Number : 0516V

Angel Mining PLC

08 January 2013

08 January, 2013

ANGEL MINING PLC

("Angel Mining" or the "Company", AIM: ANGM)

Issue of Shares

The board of Angel Mining plc announces that it has raised GBP250,000 through the issue of 25,000,000 new ordinary shares of 1p each in the Company ("Ordinary Shares") to YA Global Masters SPV Ltd. ("YAGM") at 1p per share. The proceeds will convert at an agreed exchange rate of GBP/$ 1.63 producing a value of US$407,500, of which US$399,826 will be used to reduce the Company's repayment obligations, under the promissory note facility with YAGM, and US$7,674 will be used to pay interest. The promissory note liability has now been reduced to US$711,623. YAGM is also known as Yorkville Advisors.

Application will be made for the 25,000,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that admission will become effective and that dealings will commence on Monday, 14 January 2013.

Enquiries:

 
 Angel Mining plc 
  Nicholas Hall, Chief Executive 
   Officer                              07931 709 053 
  Kevin McNair, Chief Financial 
   Officer                               07900 690 908 
 Fox-Davies Capital (Broker) 
  Daniel Fox-Davies/Simon Leathers       0203 463 5000 
 
 Bishopsgate Communications Limited 
  Nick Rome                              0207 562 3350

This information is provided by RNS

The company news service from the London Stock Exchange

END

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