Placing
December 12 2008 - 9:00AM
UK Regulatory
Cambridge Mineral Resources plc / Ticker: CMR / Index: AIM / Sector: Mining & Exploration
Cambridge Mineral Resources plc ('CMR' or 'the Company')
Placing
Cambridge Mineral Resources plc, the AIM listed mining exploration and production company primarily
targeting precious metals in South America, has raised �135,000 before expenses through the placing
of 13,500,000 new Ordinary Shares at 1p per share ('Placing Shares'). Each Placing Share will have
one warrant attached with an exercise price of 2 pence with an exercise period of two years. The
funds raised in the placing, which completes the Company's recent capital raising programme which
commenced on 7th November, will be used for general working capital purposes and to assist in the
development of its portfolio, particularly in South America where it has recently commenced
production in Colombia.
CMR's Managing Director Colin Andrew said, "CMR has entered a transformational period in its
development with the advent gold production from our Quintana mine in Colombia. These additional
funds will provide general working capital for CMR as we continue in our stated strategy of acquiring
additional exploration projects in South America and bringing them to production in order to
establish CMR as a low-cost producer of precious metals."
The Placing Shares will represent approximately 3.8% per cent of the Company's enlarged issued share
capital following the Placing, and will when issued, rank pari passu in all respects with the
existing issued Ordinary Shares. The placing is conditional, inter alia, upon the new Ordinary
Shares being admitted to trading on AIM for which application is being made to the London Stock
Exchange, and it is expected that admission will become effective, and trading in the Placing Shares
will commence, on or around 18 December 2008.
In addition, in lieu of professional fees, the Company has also today issued 500,000 new Ordinary
Shares for which application to trading on AIM has also been made.
The total number of Ordinary Shares in issue following the placing will be 369,115,704.
** ENDS **
For further information, visit www.cambmin.co.uk or contact:
Colin Andrew Cambridge Mineral Resources plc +44 (0) 20 7663 5618
Managing Director candrew@iol.ie
Michael Burton Cambridge Mineral Resources plc +44 (0) 20 7663 5618
Finance Director mburton@cambmin.co.uk
Gavin Burnell / Ruegg & Co Limited +44 (0) 20 7584 3663
Roxane Marffy
Colin Rowbury Religare Hichens Harrison plc +44 (0) 20 7382 7771
Tom Beattie Haywood Securities (UK) Limited +44 (0) 20 7031 8018
Victoria Thomas St Brides Media & Finance Ltd +44 (0) 20 7236 1177
Notes to Editor
Cambridge Mineral Resources plc is an AIM listed mining and exploration company focussed on becoming
a producer of precious metals with an output equivalent to 100,000 oz gold per annum. Primarily
targeting precious metals in South America, its strategy is to acquire established resources at
advanced stage exploration or near term production and develop them to economically mineable reserves
through further exploration. The Company has a strong portfolio of mineral projects at varying
stages of commercialisation including its two key projects, the Quintana gold mine in Colombia, which
commenced production in November 2008, and the Rasuhuilca silver-gold mine in Peru. The Company also
has a portfolio of assets in Europe, which it is currently in the process of seeking to divest
through either joint-venture or sale.
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