COMPLETION OF COLOMBIA ACQUISTION
(Thomson Reuters ONE) -
COMPLETION OF COLOMBIA ACQUISTION
Further to the announcement dated 30 March 2010 regarding the acquisition of the
remaining 80% of International Coal Company ("ICC") that London Mining does not
already own, the Company is pleased to announce that the transaction has now
closed. As such, the Company has issued 3.5 million London Mining shares that
form part of the initial consideration to the Sellers and an application has
been made for the admission of such shares to trading on AIM with admission
expected to occur on 11 May 2010. These shares will rank pari passu in all
respects with the existing shares in issue. Following this issue, the Company
has a total of 113,253,795 shares in issue. 2.625 million of the Initial
Consideration Shares have been placed in an escrow account by the Sellers to
satisfy any claims that may arise under the share purchase agreement.
For more information, please contact:
London Mining Plc
Graeme Hossie, Chief Executive Officer +44 20 7201 5000
Rachel Rhodes, Finance Director
Thomas Credland, Head of Investor Relations
Liberum Capital (Nominated Advisor/Broker)
Clayton Bush/Ellen Francis +44 20 3100 2000
Crux Kommunikasjon AS
Charlotte Knudsen +47 97 56 19 59
Brunswick Group
Carole Cable/ Daniel Thöle +44 20 7404 5959
The Company's website can be found at www.londonmining.co.uk
About London Mining
London Mining is focused on identifying, developing and operating scaleable
mines to become a mid-tier supplier to the global steel industry. London Mining
is developing four iron ore mines in Sierra Leone, Saudi Arabia, Greenland and
China as well as a coking coal operation in Colombia. All London Mining's assets
have deliverable production with potential for expansion. The Company listed on
the Oslo Axess on 9 October 2007 and on AIM in London on 6 November 2009. It
trades under the symbols LOND.L and LOND.NO (Reuters) and LOND LN and LOND NO
(Bloomberg).
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1412159]
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: hugin
" alt="Fire River Gold Announces 3.7 opt (128 g/t) Gold over 16.7 ft (5.1 m), Nixon Fork Gold Mine, AlaskaDatum: 05.05.2010 - 15:01 Uhr
Sprache: Deutsch
News-ID 20320
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contact information:
Town:
London
Kategorie:
Business News
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"COMPLETION OF COLOMBIA ACQUISTION"
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