Amara Mining PLC Announces Issue of Equity

Amara Mining PLC Announces Issue of Equity  LONDON, UNITED KINGDOM -- (Marketwired) -- 03/21/14 --  Amara Mining PLC (AIM: AMA) (TSX: AMZ)  NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR PUBLICATION, RELEASE OR DISSEMINATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN THE UNITED STATES, AUSTRALIA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF SUCH JURISDICTIONS.  Amara Mining plc   ("Amara" or "the Company")  PROPOSED PLACING TO RAISE GBP  18.2 MILLION (US$30.0 MILLION) AND PROPOSED OPEN OFFER OF UP TO GBP  4.2 MILLION (US$6.9 MILLION)  Amara, the AIM listed West African focused gold mining company, is pleased to announce a proposed placing and subscription ("the Placing") of 107,058,823 shares ("the Placing Shares") to raise GBP  18.2 million (approximately US$30.0 million) before expenses and a proposed open offer (the "Open Offer") of 24,468,439 shares ("the Open Offer Shares") to raise up to GBP  4.2 million (approximately US$6.9 million) at a price of 17.0 pence per share (the "Issue Price") for total proceeds of up to GBP  22.3 million (approximately US$36.9 million). The completion of the Placing is conditional upon inter alia the approval of shareholders in a general meeting of the Company (the "General Meeting") and admission of the Placing Shares to trading on AIM. The Placing is not conditional upon the Open Offer.   Click on, or paste the following link into your web browser, to view the associated PDF document.   For more information please contact:                                                                                   Amara Mining plc                                  +44 (0)20 7398 1420        John McGloin, Chairman                                                       Peter Spivey, Chief Executive Officer                                        Pete Gardner, Finance Director                                               Katharine Sutton, Head of Investor Relations                                 Peel Hunt LLP                                     +44 (0)20 7418 8900        (Nominated Adviser & Joint Broker)                                            Matthew Armitt                                                               Ross Allister                                                                GMP Securities Europe LLP                         +44 (0)20 7647 2800        (Joint Broker)                                                               Richard Greenfield                                                           David Wargo                                                                  Bell Pottinger                                    +44 (0)20 7861 3232        (Financial Public Relations)                                                 Mark Antelme                                                                 Lorna Cobbett                                                                   This information is provided by RNS  The company news service from the London Stock Exchange  Contact: RNS Customer Services 0044-207797-4400     
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