TIDMAGU 
 
RNS Number : 1873R 
Angus & Ross PLC 
27 April 2009 
 

ANGUS & ROSS PLC 
("Angus & Ross" or "the Company") 
 
 
Angus & Ross Secures Funding Package for GBP5,600,000 
 
 
  *  Angus & Ross completes a GBP5M SEDA facility and an equity placing of GBP600,000 
  before expenses; 
  *  New funds and existing cash resources will enable the acquisition and 
  development of the Nalunaq Gold Mine and the advancement of the Company's Black 
  Angel project. 
 
 
 
 
 
Angus & Ross (AIM: AGU), the AIM quoted mining company is pleased to announce 
that it has secured GBP5.6 million by way of a Standby Equity Distribution 
Agreement ("SEDA") together with an equity placing. The Company owns the Black 
Angel zinc/lead mine in Western Greenland and has recently entered into non 
legally binding heads of terms to acquire and develop Nalunaq Gold Mine A/S 
("NGM") in Southern Greenland. 
 
 
The Company has entered into a GBP5.0 million SEDA with YA Global Master SPV 
Ltd, which was advised by Yorkville Advisors, LLC. The SEDA enables the Company, 
at its discretion during the next 32 months, to draw down funds in tranches in 
exchange for the issue of new equity on terms related to the prevailing market 
price at the time of each draw down. 
 
 
In addition, the Company has placed 30,000,000 new ordinary shares of 1 pence 
each in the Company (the "Placing Shares") at a price of 2 pence per share, 
raising gross proceeds of GBP600,000 through Fox-Davies Capital Limited. 
 
 
It is intended that the funds raised, together with existing cash resources, 
will be used to acquire NGM from Crew Gold Corporation (as per the announcement 
of the 7 April 2009) and to advance the Company's Black Angel project. 
 
 
Application will be made to the London Stock Exchange for the Placing Shares to 
be admitted to trading on AIM. It is expected that admission will become 
effective and that trading will commence on 30 April 2009. 
 
 
 
 
Nicholas Hall (CEO) comments: 
"This fundraising enables Angus & Ross to proceed with the acquisition of 
Nalunaq with confidence. With comparatively low start up costs and first 
production scheduled in 2H 2009, it is anticipated that the acquisition of 
Nalunaq will provide Angus & Ross with a positive and regular stream of cash 
flow for the first time since its inception. The terms of the SEDA mean that we 
will be able to raise cash, as it is needed for development, with the least 
possible impact in terms of shareholder dilution. 
 
 
Nalunaq complements our high grade lead-zinc Black Angel project where the main 
development work will commence in the Spring of next year. By that time it is 
envisaged that the Company will be benefiting from internal cash generation as 
well as the continued improvements in world commodity prices." 
 
 
 
 
+----------------+---------------+ 
| Enquiries:     |               | 
| Angus &        | 07931 709 053 | 
| Ross plc       |               | 
| Nicholas       | 0207 936 5200 | 
| Hall,          |               | 
| Chief          | 0207 562 3366 | 
| Executive      |               | 
|                | 0161 832 2174 | 
| Fox-Davies     |               | 
| Capital        |               | 
| Jason          |               | 
| Bahnsen        |               | 
|                |               | 
| Bishopsgate    |               | 
| Communications |               | 
| Limited        |               | 
| Nick Rome      |               | 
|                |               | 
| WH Ireland     |               | 
| Limited        |               | 
| Adrian Kirk    |               | 
|                |               | 
+----------------+---------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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