GVM Gvm Metals

RNS Number:4936Z
GVM Metals Ltd
08 March 2006


FOR IMMEDIATE RELEASE                                               8 March 2006



                               GVM METALS LIMITED

                            ("GVM" or the "Company"


                                Issue of Shares



The Company wishes to advise that it has resolved to issue the following:


   *1,637,500 fully paid ordinary shares to acquire 3,406 Preference B shares
    in NiMag (Proprietary) Ltd. The acquisition of the shares in NiMag is the
    subject of a put and call option agreement entered into in by the Company in
    December 2003 as part of the overall agreement to acquire NiMag; and
   *575,000 fully paid ordinary shares in lieu of professional fees.


All the above mentioned shares will rank equally in all respects with the
existing class of quoted ordinary shares and application will be made for
admission to trading on AIM.


The Company also wishes to advise that negotiations to acquire further coal
mining properties continue to progress and the Board believes the Company will
be in a position to make an announcement regarding the outcome of these
negotiations in the next 3 to 4 weeks.







                      This information is provided by RNS
            The company news service from the London Stock Exchange

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