TIDMAXM

RNS Number : 9635B

Alexander Mining PLC

13 January 2015

13 January 2015

Alexander Mining plc

("Alexander" or the "Company")

Placing to raise GBP360,000 and issue of fee shares

The Company is pleased to announce that it has raised GBP360,000 (gross) (the "Placing") through the issue of 72,000,000 new ordinary shares of 0.1p each (the "Placing Shares") at a price of 0.5p per share ("Placing Price") to institutional and other investors. The net proceeds of the Placing will be used for general working capital purposes. Hume Capital Securities plc ("Hume") acted as placing agent for the Placing. In connection with the Placing, the Company has issued 3.6 million warrants to Hume to subscribe for ordinary shares at the Placing Price for a period of two years. Hume has also been appointed Joint Broker to Alexander with immediate effect.

Alexander has also issued a total of 2,590,909 new ordinary shares to an adviser and consultant to the Company in respect of fees generated in the ordinary course of business (the "Fee Shares"). 1,090,909 Fee Shares have been issued to Alexander's nominated adviser, Northland Capital Partners Limited at a price of 0.825p per share. 1,500,000 Fee Shares have been issued to a consultant in respect of the provision of investor relations and advisory services in Europe, at a price of 0.80p per share.

Application has been made to the London Stock Exchange for admission of the Placing Shares and the Fee Shares to trading on AIM and dealings are expected to commence on 16 January 2015. Following admission of the Placing Shares and the Fee Shares, the Company will have a total of 250,910,288 ordinary shares in issue with each share carrying the right to one vote.

Enquiries:

 
 Martin Rosser                       Matt Sutcliffe 
  Chief Executive Officer             Executive Chairman 
  Mobile: +44 (0) 7770 865            Mobile: +44 (0) 7887 930 
  341                                 758 
 
 Alexander Mining plc 
  1(st) Floor 
  35 Piccadilly 
  London 
  W1J 0DW 
  Tel: +44 (0) 20 7292 1300 
  Fax: +44 (0) 20 7292 1313 
  Email: mail@alexandermining.com 
  Website: www.alexandermining.com 
 
 Northland Capital Partners 
  Limited 
  Nominated Adviser and 
  Joint Broker 
  Matthew Johnson / Gerry 
  Beaney 
  +44 (0) 20 7382 1100 
 Hume Capital Securities 
  plc 
  Joint Broker 
 Guy Peters / Abigail Wayne 
  +44 (0) 20 3693 1470

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCDMGMMNZDGKZM

Eenergy (LSE:EAAS)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Eenergy Charts.
Eenergy (LSE:EAAS)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Eenergy Charts.