Exercise of Warrants
May 03 2006 - 3:00AM
UK Regulatory
Central China Goldfields plc (the 'Company')
Exercise of Warrants
London, 3 May 2006
* Further applications to exercise 9,068,525 warrants at a price of 8p per
ordinary share were received by 30 April 2006
* A total of 25,469,181 warrants have been exercised raising approximately �2
million
* The Company's cash position is now approximately �3.1 million
Central China Goldfields plc announces that it has received applications in
respect of a further 9,068,525 warrants to subscribe for new ordinary shares at
an exercise price of 8p per share (the "New Shares"). Any unexercised warrants
to subscribe for new Ordinary Shares of 1p each at 8p per share exercisable at
any time up to and including 30 April 2006 have now lapsed.
These New Shares will be issued and allotted and they will rank pari passu with
the existing Ordinary Shares of 1p each in the Company. Trading of these New
Shares on AIM is expected to commence on 8 May 2006.
The total number of warrants exercised in the past few weeks is as follows:
Warrants type: Number: Price: Consideration:
Listed warrants (GGGW) 23,551,162 8p � 1,884,092 - 96
Pre-IPO broker warrants 685,500 6p � 41,130 - 00
IPO broker warrants 1,232,519 8p � 98,601 - 52
TOTAL: 25,469,181 �2,023,824 - 48
The total number of shares in issue following this exercise of warrants will be
77,714,181.
The total number of 10p warrants exercisable up to 30 April 2007 is 11,775,581.
Following the issue of the New Shares, the Company's share register shows the
following shareholdings of greater than 3 per cent. of the issued share
capital:
W. B. Nominees Limited 7,987,205 shares 10.28%
D. S. & Co. (Sheepfarming) Ltd. 4,800,000 shares 6.18%
Directors 3,881,965 shares 5.00%
Paul McGroary & Tipakorn Anuvatnujotikul 3,812,500 shares 4.91%
Majestic Gold Corp. 3,500,000 shares 4.50%
TD Waterhouse Nominees (Europe) Ltd 3,421,776 shares 4.40%
HSBC Global Custody Nominee (UK) Ltd 3,200,000 shares 4.12%
Eyeconomy Holdings Plc 3,156,250 shares 4.06%
W.S. (Nominees) Limited 2,843,230 shares 3.66%
Phoenix Gold Fund Limited 2,700,000 shares 3.47%
Dr. Jeff Malaihollo, Managing Director of Central China Goldfields plc
comments: "On behalf of the Board of Directors, we would like to thank all of
our investors for their confidence in us. The Company is now in a very strong
position with over �3 million in treasury and four high quality projects. The
drilling programme in the Snow Mountain has commenced and we will issue the
results as soon as they are available. In Hubei, we will shortly start the
exploration work at Xiang Shui Tan Project. We have started an initial
assessment of the De Ming Ding area in Tibet and we are awaiting for the
results from independent technical and legal due diligence on the Dong Mao Huo
Mine in Inner Mongolia. We will continue to grow this Company through
exploration, development and acquisition."
For further information, please contact:
Central China Goldfields plc Westhouse Securities LLP
Dr. Jeffrey Malaihollo Richard Morrison / Cailey Barker
Tel: 020 7621-0200 Tel: 020 7601 6100
Email: info@ccgoldfields.com
www.ccgoldfields.com
Public Relations: King & Shaxson Capital Limited
Parkgreen Communications Nick Bealer
Victoria Thomas / Justine Howarth Tel: 020 7426-5986
Tel: 020 7493-3713
END
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