London Mining - UPDATE ON ADMISSION TO AIM
(Thomson Reuters ONE) - NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN OR INTO THE UNITEDSTATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE REPUBLIC OFIRELAND OR ANY OTHER RESTRICTED JURISDICTION.* Admission to AIM expected in November 2009* Placing ahead of admission of shares from existing shareholders to assist liquidityFurther to the announcement made on 12 October 2009, London MiningPlc is pleased to update shareholders that its proposed listing onthe AIM Market of the London Stock Exchange is expected to take placein November 2009.The Company will not be seeking to raise any new money uponadmission, but some existing shareholders have indicated that theymay be willing to place some shares with new investors in order toincrease the free float and facilitate an appropriate level ofliquidity in the London market. As such, management will beundertaking a roadshow with potential investors ahead of admission.The placing price is yet to be determined.Liberum Capital Limited is acting as Nominated Advisor and JointBroker with GMP Securities Europe LLP acting as Joint Broker.For more information, please contact:London Mining PlcGraeme Hossie, Managing Director +44 (0) 20 7201 5000Rachel Rhodes, Finance DirectorThomas Credland, Head of Investor RelationsCrux Kommunikasjon ASCharlotte Knudsen +47 97 56 19 59Threadneedle Communication (UK)Laurence Read/ Graham Herring +44 (0) 20 76539850About London MiningFounded in April 2005, London Mining is incorporated and registeredin the UK. In 2007, London Mining raised over USD 185 million toadvance iron ore production from its projects, and listed on the OsloAxess, a marketplace regulated by the Oslo Stock Exchange. In 2008,it sold its Brazilian mine to Arcelor Mittal for USD 810m andreturned GBP220m to shareholders. The Company currently has iron oreprojects and mines in Sierra Leone, Saudi Arabia, Greenland andChina, and coal assets in South Africa and Colombia. London Miningtrades under the Reuters symbol LOND.OL and Bloomberg symbol LOND:NO.DisclaimerThe Company is not offering any new Ordinary Shares or any othersecurities in connection with Admission. The Ordinary Shares have notbeen nor will they be, registered under the US Securities Act of1933, as amended, or with any securities regulatory authority of anystate or other jurisdiction of the United States or under theapplicable securities laws of Australia, Canada, Japan, South Africaor the Republic of Ireland. Subject to certain exceptions, theOrdinary Shares may not be offered or sold in the United States,Australia, Canada, Japan, South Africa or the Republic of Ireland orto or for the account or benefit of any national, resident or citizenof Australia, Canada, Japan, South Africa or the Republic of Irelandor any person located in the United States.This announcement does not constitute an offer of, or thesolicitation of an offer to subscribe for or buy, any Ordinary Sharesto any person in any jurisdiction to whom it is unlawful to make suchoffer or solicitation in such jurisdiction and is not fordistribution in, or into, the United States, Australia, Canada,Japan, South Africa or the Republic of Ireland. The distribution ofthis announcement in other jurisdictions may be restricted by law andtherefore persons into whose possession this announcement comesshould inform themselves of and observe such restrictions.Liberum Capital Limited ("Liberum") is regulated by the FinancialServices Authority and is acting exclusively for the Company and forno one else in connection with the Placing and Admission. Liberumwill not be responsible to anyone other than the Company forproviding the protections afforded to customers of Liberum or foradvising any other person on the contents of this announcement or thePlacing and Admission. The responsibility of Liberum as nominatedadviser and joint broker to the Company is owed solely to the LondonStock Exchange and is not owed to the Company or the Directors or anyother person. No representation or warranty, express or implied, ismade by Liberum as to the contents of this announcement. No liabilitywhatsoever is accepted by Liberum for the accuracy of any informationor opinions contained in this announcement or for the omission of anymaterial information for which it is not responsible.GMP Securities Europe LLP ("GMP") is regulated by the FinancialServices Authority and is acting exclusively for the Company (asjoint broker) and for no one else in connection with the Placing andAdmission. GMP will not be responsible to anyone other than theCompany for providing the protections afforded to customers of GMP orfor advising any other person on the contents of this announcement orthe Placing and Admission. The responsibility of GMP as joint brokerto the Company is owed solely to the London Stock Exchange and is notowed to the Company or the Directors or any other person. Norepresentation or warranty, express or implied, is made by GMP as tothe contents of this announcement. No liability whatsoever isaccepted by GMP for the accuracy of any information or opinionscontained in this announcement or for the omission of any materialinformation for which it is not responsible.This announcement, including information included or incorporated byreference in this announcement, may contain 'forward-lookingstatements'. Generally, the words 'will', 'may', 'should', 'could','would', 'can', 'continue', 'opportunity', 'believes', 'expects','intends', 'anticipates', 'estimates' or similar expressions identifyforward-looking statements. The forward-looking statements involverisks and uncertainties that could cause actual results to differmaterially from those expressed in the forward-looking statements.Many of these risks and uncertainties relate to factors that arebeyond the Company's ability to control or estimate precisely, suchas future market conditions and the behaviours of other marketparticipants, and therefore undue reliance should not be placed onsuch statements. London Mining assumes no obligation and does notintend to update these forward-looking statements, except as requiredpursuant to applicable law or regulation.http://hugin.info/137683/R/1347913/324237.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 16.10.2009 - 11:00 Uhr
Sprache: Deutsch
News-ID 6994
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