TIDMMMS
RNS Number : 7267C
Maghreb Minerals PLC
19 November 2009
19 November 2009
Maghreb Minerals plc
Issue of Equity
The Directors of Maghreb Minerals plc ("the Company") announce that, following
the Extraordinary General Meeting of the Company held on 12 November 2009, and
in accordance with the Subscription provisions contained in the circular sent to
Shareholders on 20 October 2009 ("the Circular"), the Company has allotted
20,000,000 new ordinary shares of GBP0.006 each in the Company at a price of
1.5p per share.
In accordance with the information contained in the Circular, 13,333,334
new ordinary shares have been allotted to Firebird Global Master Fund II Limited
and today have been admitted to trading on AIM.
The balance of new shares have been allotted to Albert Gourley and are to be
admitted to trading on AIM on 24 November 2009 in accordance with the terms of a
subscription undertaking, details of which are contained in the Circular.
Following the allotment of new shares, there are 111,033,981 ordinary shares of
GBP0.006 in issue with each share carrying the right to one vote; and 22,222,222
convertible preference shares of GBP0.006 having the rights attached detailed in
the Company's Articles of Association.
ENQUIRIES:
+-----------------------------------------------+------------------------+
| Maghreb Minerals plc | |
| | |
| Richard Linnell, Chairman / Richard Collier, | Tel: +44 (0) 20 7556 |
| CEO | 0940 |
+-----------------------------------------------+------------------------+
| | |
+-----------------------------------------------+------------------------+
| Hanson Westhouse Limited | |
| | |
| Tim Metcalfe / Martin Davison | Tel: +44 (0) 20 7601 |
| | 6100 |
+-----------------------------------------------+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
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