Issue of Equity
August 01 2008 - 7:46AM
UK Regulatory
RNS Number : 4724A
Alba Mineral Resources PLC
01 August 2008
ALBA MINERAL RESOURCES PLC ("ALBA" or the "Company")
Issue of Equity
The Board of Alba announce that it has issued and allotted, credited as fully paid 5,000,000 new ordinary shares in the Company at a
price of 1.0 pence per share to raise �50,000 (the "Placing"). The proceeds of the Placing will provide additional working capital for the
Company.
The new ordinary shares will rank pari passu with the existing ordinary shares. Dealings in the new ordinary shares are expected to
commence on AIM at 8:00 a.m. on 7 August 2008.
Further details of the Placing are set out below:-
Placee Number of Alba Number of Alba Percentage interest
shares issued and Shares held in the enlarged
allotted pursuant to subsequent to the issued share capital
the Placing Placing of Alba subsequent
to the Placing
Regency Mines Plc (*Regency*)* 2,500,000 13,934,047 15.0%
Starvest plc (*Starvest*) 2,500,000 11,875,000 12.8%
* Michael Nott, a director of Alba, is also a director of Red Rock Resources Plc, an AIM listed Company of which Regency Mines Plc (also
an AIM listed company) is a Substantial Shareholder
Issue of Options
Additionally, the Company has granted Regency and Starvest an option to subscribe for a further 2,500,000 each at a price of 1 pence per
share at any time up until 31 March 2009.
TOTAL VOTING RIGHTS
Following the issue of equity and in conformity with the Financial Services Authority's Disclosure and Transparency Rules, the Company
gives notice that its voting capital consists of:
Ordinary Shares Nominal Value � Ordinary Shares held in Treasury
93,070,150 1p 930,701 *
As Alba does not hold any ordinary shares in Treasury its total number of voting rights equals its capital.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in, Alba under the FSA's Disclosure and Transparency Rules.
Enquiries:
Michael Nott, Director Tel: 020 7495 5326
Alba Mineral Resources Plc
Liam Murray, Nominated Adviser Tel: 020 7492 4777
Dowgate Capital Advisers Limited
This information is provided by RNS
The company news service from the London Stock Exchange
END
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