Avocet Mining PLC Voting Rights and Capital (4881P)
August 19 2014 - 3:20AM
UK Regulatory
TIDMAVM
RNS Number : 4881P
Avocet Mining PLC
19 August 2014
19 August 2014
VOTING RIGHTS AND CAPITAL
In accordance with rule 5.6.1A of the Financial Conduct
Authority's Disclosure and Transparency Rules, following the
admission to trading today of 9,950,000 ordinary shares of GBP0.05
each today, Avocet Mining PLC's (the "Company") issued votable
capital consists of 209,054,701 ordinary shares of GBP0.05 pence
each ("Ordinary Shares"), all of which are validly and legally
issued and fully paid-up. An additional 442,009 Ordinary Shares are
held as treasury shares at the date of this announcement. As a
result, the total issued capital of the Company is GBP10,474,836,
divided into 209,496,710 Ordinary Shares, all of which are validly
and legally issued and fully paid.
The figure of 209,054,701 Ordinary Shares represents the total
voting rights in the Company and may be used by shareholders as the
denominator for the calculations by which they can determine if
they are required to notify their interest in, or a change to their
interest in, the Company under the Financial Conduct Authority's
Disclosure and Transparency Rules.
FOR FURTHER INFORMATION PLEASE CONTACT
Avocet Mining Bell Pottinger J.P. Morgan NM Rothschild Investec
PLC Financial Cazenove Financial Bank Plc
PR Consultants Corporate Adviser Financial
Broker Adviser
David Cather, Daniel Thöle Michael Wentworth-Stanley Roger Ewart-Smith Jeremy Wrathall
CEO Sam Critchlow
Mike Norris,
FD
Jim Wynn,
Company Secretary
+44 020 3709 +44 20 7861 +44 20 7742 +44 20 7280 +44 20 7597
2570 3800 4000 5424 4180
NOTES TO EDITORS
Avocet Mining PLC ('Avocet' or the 'Company') is an unhedged
gold mining and exploration company listed on the London Stock
Exchange (ticker: AVM.L) and the Oslo Børs (ticker: AVM.OL). The
Company's principal activities are gold mining and exploration in
West Africa.
In Burkina Faso the Company owns 90% of the Inata Gold Mine.
Across the Bélahouro district, which includes both Inata and Souma,
there is a Mineral Resource of 6.1 million ounces and an Ore
Reserve of 0.5 million ounces. The Inata Gold Mine poured its first
gold in December 2009 and produced 118,443 ounces of gold in 2013.
Other assets in Burkina Faso include eight exploration permits
surrounding the Inata Gold Mine in the broader Bélahouro region.
The most advanced of these projects is Souma, some 20 kilometres
from the Inata Gold Mine, where there is a Mineral Resource
estimate of 0.8 million ounces.
In Guinea, Avocet owns 100% of the Tri-K Project in the north
east of the country. Drilling to date has outlined a Mineral
Resource of 3.0 million ounces, and in October 2013 the Company
announced a maiden Ore Reserve on the oxide portion of the orebody,
which is suitable for heap leaching, of 0.5 million ounces. As an
alternative, the potential exists to exploit the entire 3.0 million
ounce Tri-K orebody via CIL processing method.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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