Ascot Mining Plc - Gold Sale - Share Placings
(firmenpresse) - London: 26 February 2010: Ascot Mining Plc ("Ascot" or the "Company") (PLUS
Markets: ASMP, Xetra(R): AM3.DE), announces that it has sold an additional 713
Troy ounces of Gold through its forward sale programme for cash proceeds of
US$645,040. The previously announced sale programme is in response to the
interest being shown by active purchasers and reflects confidence in Ascot
Mining and the future price of gold. Combined with equity placings Ascot's gold
sale programme provides the Company with a cost effective and competitive mix of
financing options.
Additionally, the Board has determined it to be in the best interest of the
Company and its shareholders to remove accumulated financial obligations from
its books. With immediate effect, the Company announces the issuance of 398,839
shares for consideration of US$235,287. Included is the payment for services of
18,568 shares to a Director, Dr Michael Green at US$0.65 per share, which brings
his holding in the Company to 137,032 (0.37%).
In compliance with Rule 55, following this announcement there are 36,421,542
shares (nominal amount £364,215) in issue with the aggregate Directors'
interests totalling 11,991,724 shares (32.92%).
The Directors of Ascot Mining Plc accept responsibility for the content of this
announcement.
Enquiries: info(at)ascotmining.com
Ascot Mining Plc: +44 (0) 207 377 2850
Damien Daly: + 44 (0) 7880 55 46 47
Website: www.ascotmining.com
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Ascot Mining
" alt="YALE SAMPLES 10M AVERAGING 1.94% Cu, 19.17% Zn, 0.93% Pb, 36.7 g/t Ag AND 0.59 g/t Au AT CAROLDatum: 28.02.2010 - 14:35 Uhr
Sprache: Deutsch
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