Avocet first day of dealings on the Official List (5697T)
2011年12月8日 - 4:02PM
RNSを含む英国規制内ニュース (英語)
TIDMAVM
RNS Number : 5697T
Avocet Mining PLC
08 December 2011
Avocet first day of dealings on the Official List
Further to Avocet Mining PLC's ("Avocet" or the Company")
announcement on 10 November 2011, the Company is pleased to
announce that its entire issued ordinary share capital will today
be admitted to the premium listing segment of the Official List of
the UKLA and to trading on the London Stock Exchange's Main Market
at 8.00 am ("Admission"). Cancellation of trading in the ordinary
shares of Avocet on AIM will take place simultaneously. Avocet's
current listing on the Oslo Bors is to be reclassified as a
secondary listing.
The Company has published a prospectus in connection with the
Admission. Copies of the prospectus are available at the offices of
Field Fisher Waterhouse LLP, English legal advisers to the Company,
at 35 Vine Street, London, EC3N 2AA, United Kingdom during normal
business hours and on the Company's website www.avocetmining.com.
The prospectus is also available for inspection at the National
Storage Mechanism and will shortly be available for inspection at
www.hemscott.com/nsm.do.
Brett Richards, Chief Executive Officer, commented:
"Since joining AIM in 2003, Avocet has undergone consistent
growth, culminating in its admittance to the Main Market of the
London Stock Exchange today. Over the past eight years, the Company
grew to be the largest AIM listed gold producer with its market
capitalisation increasing over 20 fold to GBP430m. In the last two
years we commenced and increased gold production at the Inata mine;
meaningfully expanded our resource base in both Burkina Faso and
Guinea; restructured our balance sheet and historic hedge book and
completed the sale of our South East Asian assets. We are now well
positioned to fund our future organic growth plans. Avocet's move
to the Main Market is a natural part of this transformation and
will enable us to continue with our stated strategy of becoming a
leading West African gold mining and exploration company."
For further information please contact:
==========================================================================================
Avocet Mining Buchanan J.P. Morgan Arctic Securities SEB Enskilda
PLC Financial Cazenove Financial Financial
PR Consultants Lead Broker Adviser Adviser
and Sole & Market & Market
Sponsor Maker Maker
================ ================ =================== ================== =============
Brett Richards, Bobby Morse Michael Arne Wenger Fredrik
CEO James Strong Wentworth-Stanley Petter Cappelen
Mike Norris, Neil Passmore Bakken
FD
Angela Parr,
IR
================ ================ =================== ================== =============
+44 20 7466
5000
+44 20 7766 +44 78 7260 +44 20 +47 2101 +47 2100
7674 4783 7588 2828 3100 8500
Background
Avocet Mining PLC ("Avocet Mining" or "the Company") is a gold
mining and exploration company listed and the Oslo Bors (Ticker:
AVM.OL) and will today list on the London Stock Exchange (Ticker:
AVM.L). The Company's principal activities are gold mining and
exploration in Burkina Faso (as 90 per cent owner of the Inata gold
mine and 100 per cent owner of eight exploration licences in the
Belahouro region surrounding Inata) and exploration in Guinea.
The Inata deposit presently comprises a Mineral Resource of 3.36
million ounces and a Mineral Reserve of 1.47 million ounces. The
Inata mine poured its first gold in December 2009 and is expected
to produce 160,000 ounces of gold in 2011. Other assets in West
Africa include exploration permits in Burkina Faso (the most
advanced prospect within Belahouro being the Souma trend, some 20
kilometres from Inata, with a Mineral Resource of 0.56 million
ounces), Guinea (the most advanced being Koulekoun with a Mineral
Resource of 1.47 million ounces) and Mali.
In December 2010 Avocet announced that it had signed a binding
agreement for the conditional sale of its South East Asian assets
to J&Partners L.P., a private company, for US$200 million. To
date US$197 million of the total consideration has been received.
The substantial completion of this transaction has left Avocet as a
West African gold producer and explorer, with a clear strategy for
growth in that region.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDGBDDDGGBGBR
Avocet Mining (LSE:AVM)
過去 株価チャート
から 7 2024 まで 8 2024
Avocet Mining (LSE:AVM)
過去 株価チャート
から 8 2023 まで 8 2024