Anglesey Mining PLC LIM announces C$30 million equity financing


 
TIDMAYM 
 
Anglesey Mining plc LSE:AYM 
 
1 October 2012 
 
LIM announces C$30 million equity financing 
 
Anglesey Mining's 26% owned associate Labrador Iron Mines Holdings Limited 
(TSX: LIM) announces that it has entered into an agreement with Canaccord 
Genuity Corp. (the "Underwriter") pursuant to which the Underwriter has agreed 
to purchase, on a bought deal basis, 30,000,000 common shares of LIM (the 
"Common Shares") at a price of C$1.00 per Common Share (the "Offering Price") 
for gross proceeds of C$30,000,000 (the "Offering"). 
 
LIM will also grant the Underwriter an over-allotment option to purchase an 
additional 4,500,000 common shares of LIM (the "Over-Allotment Common Shares," 
and together with the Common Shares, the "Offered Securities") at the Offering 
Price and on the same terms as the Offering, exercisable at any time, in whole 
or in part, for a period of 30 days after and including the closing date of the 
Offering. If the Over-Allotment Option is exercised in full, an additional 
C$4,500,000 will be raised pursuant to the Offering, for total aggregate gross 
proceeds of C$34,500,000. 
 
LIM intends to use the net proceeds from the Offering for working capital and 
general corporate purposes. 
 
The Offering is being made pursuant to a short form prospectus to be filed in 
each of the provinces of Canada other than Quebec. The Offered Securities will 
not be registered under the U.S. Securities Act of 1933, as amended, and may 
not be offered or sold in the United States absent registration or an 
applicable exemption from the registration requirements. 
 
The Offering is expected to close on or about October 25, 2012 and is subject 
to certain conditions typical for a transaction of this nature and the receipt 
of all necessary regulatory approvals including the approval of the Toronto 
Stock Exchange. 
 
About Labrador Iron Mines Holdings Limited 
 
Labrador Iron Mines is Canada's newest iron ore producer. It owns a portfolio 
of direct shipping iron ore operations and projects located in the prolific 
Labrador Trough. The first full production season commenced in April 2012 with 
a revised sales target of 1.7 million tonnes of iron ore for the 2012 year. 
 
LIM is focused on a strategic and robust growth plan arising from its portfolio 
of 20 iron ore deposits in Labrador and Quebec, all within 50 kilometres of the 
town of Schefferville. The James Mine is connected by a direct rail link to the 
Port of Sept-Iles, Québec. The area also benefits from established 
infrastructure including the town, airport hydro power and railway service. 
Starting with the James Mine and leading to the development of the expanding 
Houston flagship project, the objective is to provide shareholders with 
long-term value as production and sales ramp up towards 5 million tonnes per 
year. 
 
LIM is currently the only independently-owned Canadian iron ore producer listed 
on the Toronto Stock Exchange and trades under the symbol LIM. 
 
About Anglesey Mining plc 
 
Anglesey holds 26% of Toronto-listed Labrador Iron Mines Holdings Limited which 
is now producing iron ore from its James deposit, one of LIM's twenty direct 
shipping iron ore deposits in western Labrador and north-eastern Quebec. 
 
Anglesey is also carrying out development and exploration work at its 100% 
owned Parys Mountain zinc-copper-lead deposit in North Wales, UK where there is 
estimated to be a total 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: RFC Ambrian +44 (0)20 3440 6800; 
 
Emily Fenton / Jos Simson: Tavistock Communications +44 (0)20 7920 3155 
 
 
 
END

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