AYM Anglesey Mining Plc

    Anglesey Mining plc is pleased to announce that it proposes to raise up to
�464,000 before expenses by way of a private placing of up to 11,600,000 new
ordinary shares at 4 pence per share.

Application has been made for the new ordinary shares to be admitted to trading
on the main board of the London Stock Exchange and dealings are expected to
commence on 22 April 2005. The shares will rank pari passu with the existing
shares in issue.

The funds from the placing will be utilised towards the re-establishment of the
companys Parys Mountain copper and zinc project in Anglesey, North Wales by a
re-examination and updating of the earlier Project Plan and Feasibility Study
and an initial phase of the planned exploratory drilling programme. The funds
will also be applied to working capital, strategic developments and general
corporate purposes.

John Kearney, the companys chairman said Increases in prices of base and
precious metals have significantly improved the prospects for the companys
polymetallic zinc and copper project at Parys Mountain, Anglesey, North Wales.
These funds will give the company the opportunity it has been waiting for to
move the Parys Mountain project forward.

Contacts:
J F Kearney  Chairman  +1 416 362 6686
Ian Cuthbertson  Finance director  + 44 1248 361333

Anglesey Mining (LSE:AYM)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024

Anglesey Mining (LSE:AYM)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024