ANGLESEY MINING PLC: LIM Announces Unit Equity Financing

Anglesey Mining plc LSE:AYM 
18 January 2013 
LIM Announces Unit Equity Financing 
Anglesey Mining's 19.7% owned associate Labrador Iron Mines Holdings Limited
(TSX:LIM) announces that it has filed an amended and restated preliminary short
form prospectus in connection with an overnight marketed public offering (the
"Offering") of units of LIM (the "Units") at a price of C$1.05 per Unit (the
"Offering Price"). Each Unit will consist of one common share of LIM and
one-half of one common share purchase warrant. Each warrant will entitle the
holder to purchase one common share of LIM at an exercise price of C$1.35 per
common share for a period of 36 months following the date of closing of the
Offering. The Offering will be conducted through a syndicate of underwriters
led by Canaccord Genuity Corp. and including RBC Dominion Securities Inc.,
Scotia Capital Inc., Macquarie Capital Markets Canada Ltd., Jennings Capital
Inc. and Raymond James Ltd. (the "Underwriters"). 
LIM will also grant the Underwriters an over-allotment option to purchase up to
that number of additional units (the "Over-Allotment Units") equal to 15% of
the Units sold pursuant to the Offering, exercisable at any time up to 30 days
after and including the closing of the Offering at a price equal to the
Offering Price. 
LIM intends to use the net proceeds from the Offering to fund pre-stripping,
mining, and processing costs, including payments to LIM's mining contractors,
and transportation costs, including tariff payments to TSH and QNS&L, in
connection with the seasonal resumption of production operations in April 2013;
capital and infrastructure expenditures on the Silver Yards processing plant
including the connection to hydro power; and to supplement working capital and
general and administrative costs for the remaining winter season. 
For further information, please visit LIM's website at www.labradorironmines.ca
. 
About Anglesey Mining plc 
Anglesey holds 19.7% of Toronto-listed Labrador Iron Mines Holdings Limited
(TSX:LIM) which is producing high grade hematite from its James pit, one of
LIM's twenty direct shipping iron ore deposits in western Labrador and
north-eastern Quebec. 
Anglesey is also carrying out exploration and development work at its 100%
owned Parys Mountain zinc-copper-lead deposit in North Wales, UK where a JORC
Code-compliant resource of 2.1mt at 6.9% combined base metals in the indicated
category and 4.1mt at 5.0% combined in the inferred category was published in
November 2012. 
For further information, please contact: 
Bill Hooley, Chief Executive +44 (0)1492 541981; 
Ian Cuthbertson, Finance Director +44 (0)1248 361333; 
Samantha Harrison / Klara Kaczmarek: RFC Ambrian +44 (0)20 3440 6800; 
Emily Fenton / Jos Simson: Tavistock Communications +44 (0)20 7920 3155 
END 
-0- Jan/18/2013 10:45 GMT
 
 
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