Aminex announce new share placing
Aminex are aiming to raise £2.93m (€4.27m) from a new share placing to fund seismic and other pre-drilling studies for its 2007 drilling campaign.
The company will place 9,772,768 new ordinary shares of nominal value 6c each in the capital of the company at a price of £0.30 per share. The new ordinary shares represent approximately 6% of the issued share capital.
First drilling next year is likely to be in Tanzania where new seismic and other data has been acquired over the last nine months.
In addition it is anticipated that progress will be made in the Democratic Peoples Republic of Korea, Madagascar, Kenya and Egypt.
“The completion of our current seismic programmes and pre-drilling studies will enable us take best advantage of the potential of our drilling prospects,” said Aminex chief executive Brian Hall.
“We are very pleased that both existing and new institutional shareholders have supported this equity placing.”
