LIM completes C$71.6 million equity financing


 
TIDMAYM 
 
Anglesey Mining plc LSE:AYM 
 
20 March 2012 
 
LIM completes C$71.6 million equity financing 
 
Anglesey Mining's 26% owned associate Labrador Iron Mines Holdings Limited 
(TSX:LIM) announced today that it has completed its previously announced public 
offering of C$60,950,000 in common shares and C$10,675,000 in flow-through 
shares of LIM, at a price of C$5.30 per common share and C$6.10 per 
flow-through share (collectively, the "Offering"). 
 
The Offering was completed by a syndicate of underwriters led by Canaccord 
Genuity Corp. and included Jennings Capital Inc., Octagon Capital Corp., RBC 
Capital Markets, Haywood Securities Inc., Scotia Capital Inc., Paradigm Capital 
Inc. and Raymond James Ltd. (collectively, the "Underwriters"). 
 
LIM intends to use the net proceeds from the Offering for upgrades and 
expansion of its Silver Yards project, additional rail equipment and upgrades 
of its transportation infrastructure, development of its Houston project, 
exploration of mineral properties and for general corporate and working capital 
purposes. 
 
LIM issued 11,500,000 common shares and 1,750,000 flow-through shares pursuant 
to the Offering and now has 67,323,307 common shares outstanding after giving 
effect to the Offering. 
 
LIM has also granted the Underwriters an over-allotment option to purchase up 
to 1,725,000 additional common shares, exercisable at any time up to 30 days 
after and including the closing of the Offering, at a price equal to the 
offering price of the common shares of C$5.30 per share. 
 
The Offering was made pursuant to a short form prospectus filed in each of the 
provinces of Canada other than Quebec. 
 
Following the completion of the Offering (but not the over-allotment option) 
the interest of Anglesey Mining plc in the share capital of LIM has been 
reduced to 26.4%. Fully diluted and including the over-allotment option the 
interest would be 24.9%. 
 
About Labrador Iron Mines Holdings Limited (LIM) 
 
LIM is engaged in the production and development of its 100% owned 
Schefferville Area direct shipping iron ore (DSO) properties in the Labrador 
Trough of western Labrador and north-eastern Quebec. LIM commenced production 
from the James Mine in June 2011, following the successful construction and 
commissioning of the mine and Silver Yards processing plant earlier in the 
year, and recorded its first sales of iron ore in the fall of 2011. 
 
LIM contemplates mining in stages. The first phase of Stage 1 comprises the 
James Mine and the Silver Yard processing plant which is connected by a rail 
spur to the main Schefferville to Sept-Iles railway. Through a phased expansion 
program, LIM plans to grow its iron ore production through the subsequent 
development of adjacent deposits. Stage 2 comprises the development of the 
Houston deposits, which is currently undergoing environmental assessment and 
planning. 
 
About Anglesey Mining plc 
 
Anglesey Mining with its LSE main board listing is primarily focused on its 26% 
interest in Labrador Iron Mines (TSX:LIM). In addition to any new projects that 
may be brought forward Anglesey 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, please contact: 
 
Bill Hooley, Chief Executive +44 (0) 1492 541981; 
 
Ian Cuthbertson, Finance Director +44 (0) 1248 361333; 
 
Samantha Harrison / Klara Kaczmarek, Ambrian Partners Limited +44 (0) 2076 
344700; 
 
Emily Fenton / Jos Simson, 
 
Tavistock Communications +44 (0) 20 7920 3155 / +44 (0) 7788 554035. 
 
 
 
END

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