Trading Statement - share sale raises GBP2.7 in cash


 
TIDMAYM 
 
Anglesey Mining plc              LSE:AYM               31 March 2010 
 
Anglesey Mining over allotment option closes 
 
Raises GBP2.7 million cash 
 
Anglesey Mining plc ('Anglesey') is pleased to announce that the underwriters 
for the recently completed public offering of C$35 million (GBP22 million) by its 
associate Labrador Iron Mines Holdings Limited ('LIM') in Toronto, have 
exercised their over-allotment option to purchase 810,900 LIM common shares from 
Anglesey at a price of C$5.55 per share for gross proceeds of C$4.5 million - 
equivalent to GBP2.9 million. 
 
Following this option exercise Anglesey now holds 17,789,100 shares of LIM which 
represent 41% of LIM's 43,369,951 currently issued and outstanding shares. 
 
The estimated net proceeds from this sale of GBP2.7 million after expenses will be 
received entirely by Anglesey and will be used for general corporate costs and 
working capital purposes. 
 
Chief Executive Bill Hooley commented "We are very pleased that the underwriters 
have exercised their option and this transaction has been completed. Anglesey 
now has sufficient funds for its immediate requirements and is looking at using 
the opportunity to demonstrate shareholder value at Parys Mountain, and to 
investigate and progress new activities. There are a number of possible projects 
that have been under active review recently and we are pleased to have the 
funding to properly evaluate and progress these projects where appropriate." 
 
 
About Labrador Iron Mines Holdings Limited 
Labrador Iron Mines Holdings Limited (TSX:LIM) is listed on the Toronto Stock 
Exchange and is engaged in the exploration and development of direct shipping 
iron ore deposits in western Labrador and north eastern Quebec near the historic 
Schefferville area iron ore district where mining of adjacent deposits was 
previously carried out by the Iron Ore Company of Canada from 1954 to 1982. 
Mining will be carried out in stages commencing with the James and Redmond 
deposits which are located in close proximity to existing infrastructure. 
Subject to timely receipt of permits and licenses production of high-grade 
hematite is planned to commence in the summer of 2010. 
 
About Anglesey Mining plc 
Anglesey Mining with its LSE main board listing is primarily focused on its 41% 
interest in LIM. In addition to any new projects that may be brought forward the 
company owns 100% of Parys Mountain in North Wales with an historical resource 
in excess of 7 million tonnes at over 9% combined copper, lead and zinc. 
 
For further information contact: 
Bill Hooley, Chief Executive  01492 541981 
Ian Cuthbertson, Finance Director  01248 361333 
Emily Fenton/Charlie Geller, Conduit PR  020 7429 6608 / +44 7788 554035

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