Amara Mining PLC Results of General Meeting (2991E)
February 06 2015 - 8:44AM
UK Regulatory
TIDMAMA
RNS Number : 2991E
Amara Mining PLC
06 February 2015
06 February 2015 AIM:AMA
Amara Mining plc
("Amara" or the "Company")
RESULT OF GENERAL MEETING
On 21 January 2015, the Board of Amara, the AIM listed West
African focused gold mining company, announced details of the
Placing to raise GBP14.6 million (approximately US$22 million)
through the issue of 91,250,000 New Ordinary Shares at an Issue
Price of 16.0 pence per share.
Amara is pleased to announce that at its General Meeting held
earlier today, all of the resolutions as set out in the Circular
dated 21 January 2015 were duly passed.
Application has been made to AIM, a market operated by the
London Stock Exchange plc, for Admission of the 91,250,000 New
Ordinary Shares issued pursuant to the Placing. It is expected that
Admission of the New Ordinary Shares to trading on AIM will become
effective at 8.00 a.m. (London time) on 10 February 2015.
The New Ordinary Shares, when issued and fully paid, will rank
pari passu in all respects with the Existing Ordinary Shares.
The New Ordinary Shares (in uncertificated form) are expected to
be credited to CREST accounts on 10 February 2015 and definitive
share certificates for the New Ordinary Shares (in certificated
form) are expected to be despatched to shareholders by 17 February
2015.
The Placing remains conditional upon Admission occurring on or
around 8.00 a.m. on 10 February 2015 or such later time or date as
the parties to the Placing Agreement may determine (not being later
than 8.00 a.m. on 21 February 2015).
All defined terms in this announcement shall have the meanings
ascribed to them in the announcement of 20 January 2015. The
Company has used the foreign exchange reference rate as at 20
January 2015 of GBP1/$1.51 in order to maintain consistency with
the Circular which was sent to shareholders on 21 January 2015.
For more information please contact:
Amara Mining plc
Catherine Apthorpe, Company Secretary
Katharine Sutton, Head of Investor +44 (0)20 7398
Relations 1420
Peel Hunt LLP
(Nominated Adviser & Joint Broker)
Matthew Armitt +44 (0)20 7418
Ross Allister 8900
GMP Securities Europe LLP
(Joint Broker)
Richard Greenfield +44 (0)20 7647
Alex Carse 2800
Farm Street Communications
(Media Relations) +44 (0)7593
Simon Robinson 340 107
About Amara Mining plc
Amara is a gold explorer/developer with assets in West Africa.
The Company is focused on unlocking the value in its development
projects. At Yaoure in Côte d'Ivoire, this will be done by
increasing the confidence in the existing Mineral Resource and
economics at the project as the Company progresses it through to
Pre-Feasibility Study and Bankable Feasibility Study. At Baomahun,
this will be achieved by gaining an improved understanding of the
exploration upside potential and underground opportunity. With its
experience of bringing new mines into production, Amara aims to
further increase its production profile with highly prospective
opportunities across both assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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