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RNS Number : 5744R
07 November 2011
HOLDINGS IN COMPANY
Dublin, 7 November, 2011 - Minco Plc (AIM-"MIO"), the Irish exploration and development company, reports that it was notified on 4 November, 2011 that Mr. Peter McParland, a non-executive director, acquired an indirect interest in 730,000 ordinary shares of Minco Plc and currently holds 3,730,000 shares of the Company.
The shares were acquired by Quarry & Mining Equipment Ltd. (QME), a company controlled by Mr. McParland at the following prices: 350,000 shares at 2.9 pence and 380,000 shares at 3 pence.
Minco PLC is an AIM quoted precious and base metals exploration and development company, engaged in zinc-lead exploration in Ireland, in proximity to the Galmoy and Tara mines, and with investments in zinc--silver projects in Mexico through holding 30 million shares in Xtierra Inc. listed on the TSX Venture Exchange (Toronto) under the symbol "XAG". Minco also holds a 2% NSR royalty on the Curraghinalt gold property in Northern Ireland which is being explored by Dalradian Resources Inc.
Minco currently holds US$20 million in cash and is evaluating a number of investment opportunities in the mineral industry in North America and Europe.
There are 349,999,988 shares of Minco issued and outstanding.
For further information, www.minco.ie or
John Kearney: Executive Chairman +1 416 362 6686
Terence McKillen: Chief Executive +1 416 362 8243
+44 (0) 8452 606
Danesh Varma: CFO & Company Secretary 034
Minco - Ireland Contact: Peter McParland
| Maria Flood +353 (0)46 907-3709
John Frain/Fergal Meegan: (NOMAD) Davy +353 (0)1 6796363
Barry Gibb/ Saif Janjua: (Corporate Advisor +44 (0)20 7930
| Broker) Beaufort International 8222
This information is provided by RNS
The company news service from the London Stock Exchange