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. 
http://www.rns-pdf.londonstockexchange.com/rns/8674C_1-2014-3-21.pdf  
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
rns@londonstockexchange.com
http://www.rns.com 
 
 
Press spacebar to pause and continue. Press esc to stop.