RNS Number : 2277X
  Monto Minerals Ltd
  20 June 2008
   

    LSE Announcement  20 June 2008


    Monto Minerals Limited (the 'Company')

    Issue of Equity

    Following the announcement of 16 June 2008, the Company has today issued and allotted, subject to the shares being admitted to trading
on the AIM Market ('AIM') of the London Stock Exchange ("Admission"), 40,845,000 fully paid ordinary shares ('Shares') at a price of 5p per
Share and 7,230,000 Shares at a price of A$0.1035 per Share to existing major institutional investors for a total consideration of
approximately A$5 million (the 'Placing'). 

    Shares have today been issued to the following existing shareholders who prior to the Placing had legal or beneficial interests in
excess of 3 per cent. of the Company's issued share capital and whose change in their respective legal or beneficial interest requires
disclosure under the AIM Rules for Companies (the 'AIM Rules'):

 Shareholder                     Interest prior to     % Shareholding prior  Interest following          % Shareholding
                                 the Placing           to the Placing        the Placing                  following the
                                                                                                                Placing

 Henderson Global Investors Ltd  52,806,666            15.51%                64,756,666            16.67%
 M&G Investment Management Ltd   52,717,960            15.49%                64,647,960            16.64%
 RAB Capital Plc                 47,300,000            13.90%                58,070,000            14.95%
 The Sentient Group              31,948,197            9.39%                 39,178,197            10.09%

    Under the AIM Rules, Henderson Global Investors Ltd, M&G Investment Management Ltd and RAB Capital Plc (the 'Related Parties') are
considered to be related parties of the Company for the purposes of the Placing as they each held a legal or beneficial interest in the
Company's Shares in excess of 10 per cent. of the Company's issued share capital prior to the Placing. The Directors consider, having
consulted with Ambrian Partners Limited, the Company's nominated adviser, that the participation of the Related Parties in, and the terms
of, the Placing are fair and reasonable insofar as shareholders are concerned. 

    Application has been made to AIM for Admission of the Shares. Admission is expected to occur at 8.00am on 23 June 2008.

    Following this issue, the Company has 388,437,711 Shares in issue representing 388,437,711 voting rights.
      
    Enquiries to:

    Gayle Brown, Monto Minerals Ltd       +61 (0)7 3034 3100

    Richard Chase, Richard Greenfield, Ambrian Partners Limited +44 (0) 20 7634 4700


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