CAML Central Asia Metals Plc

TIDMCAML

RNS Number : 9891K

Central Asia Metals PLC

01 July 2014

1 July 2014

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Exercise of Warrants

Central Asia Metals plc (AIM: CAML), has been notified by Mirabaud Securities LLP ('the Warrant Holder') of the partial exercise of a Warrant, which was issued for placing fees in respect of the September 2010 initial public offering and entitles the Warrant Holder to subscribe for 260,000 Ordinary Shares of US$0.01 each ('Warrant Shares') out of a total of 1,192,053 Warrant Shares, at a price of 96p raising GBP249,600.

The Company has now received payment of GBP249,600 and intends to apply for admission of the Warrant Shares to trading on AIM ('Admission'). The Warrant Shares will rank pari passu in all respects with the Company's existing Ordinary Shares. It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at or around 8.00 a.m. on 4 July 2014. The total number of Ordinary Shares in issue, following Admission of the Warrant Shares, and the total number of voting rights, will be 106,597,475 (excluding treasury shares).

The above figure of 106,597,475 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, CAML under the FCA's Disclosure and Transparency Rules

For further information contact:

 
                                           Tel: +44 (0) 20 
 Central Asia Metals plc                    7898 9001 
Nick Clarke, CEO 
 Nigel Robinson, CFO 
 Peel Hunt LLP (Nominated Adviser & Joint  Tel: +44 (0) 20 
  Broker)                                   7418 8900 
Matthew Armitt 
 Ross Allister 
                                           Tel: +44 (0) 20 
 Mirabaud Securities LLP (Joint Broker)     7878 3362 
Peter Krens 
 
                                           Tel: +44 (0) 20 
Bell Pottinger                              7861 3232 
Mark Antelme 
 Lorna Cobbett 
 

Note to editors:

Central Asia Metals is an AIM-listed UK company based in London. Its countries of operation are Kazakhstan and Mongolia. CAML is a copper producing company focussed on base metals. The Company also has a 50% equity interest in Copper Bay Ltd, which is carrying out a pre-feasibility study of the Chañaral Bay Copper Project in Chile. At the 2014 UK Stock Market Awards, the Company was named Best Basic Resources Plc. For further information please visit www.centralasiametals.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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