28th Jan 2009 09:07
|
28 January 2009 |
AIM: GMA |
GMA Resources Plc
("GMA" or the "Company")
Holdings in Company
Following notification received yesterday, the Company announces that following participation in the recent placing, as announced on 29 December 2008, Blakeney LLP now holds 37,972,000 ordinary shares in the issued share capital of the Company (the "Ordinary Shares"), equivalent to 10.03 per cent. of the issued share capital of GMA.
Blakeney LLP, in its capacity as investment manager, holds the Ordinary Shares on behalf of the following funds;
|
Number of Ordinary Shares held |
Percentage of issued share capital |
|
|
ONYX LP |
10,899,000 |
2.88 |
|
Blakeney Investors |
6,016,000 |
1.59 |
|
Austin Alpha LP |
5,699,000 |
1.51 |
|
Heviben LP |
5,404,000 |
1.43 |
|
Palo Alto LP |
3,115,000 |
0.82 |
|
Blakeney LP |
3,033,000 |
0.80 |
|
CC Development Partners LP |
2,017,000 |
0.53 |
|
Ithaca LP |
1,092,500 |
0.29 |
|
Stonechat Partners LP |
696,500 |
0.18 |
|
TOTAL |
37,972,000 |
10.03 |
Enquiries:
|
GMA Resources Plc |
Douglas Perkins |
+1 514 806 6788 |
|
John East & Partners Limited (Nomad) |
Bidhi Bhoma |
+44 (0) 20 7628 2200 |
|
Mirabaud Securities Limited (Broker) |
Rory Scott |
+44 (0) 20 7878 3360 |
Notes to Editors:
GMA owns a controlling 52% stake in ENOR spa ("ENOR"), the Algerian based operating company for the Tirek-Amesmessa project, with the remainder owned by Sonatrach, the Algerian state-owned oil and gas company.
ENOR holds the exploitation authorisation to the Tirek-Amesmessa property, an area of some 1,417 km2, located approximately 450km south west of the city, Tamanrasset, in southern Algeria. Amesmessa is an open pit heap leach gold mine located in the extreme south of the permit area. The Tirek gold mine is located centrally in the northern third of the exploration permit area, some 60 km north of Amesmessa. Research to date suggests that the Zita Zone, which lies between Tirek and Amesmessa, offers considerable potential for the development of additional prospects amenable to open-pit mining. GMA plans to quickly expand upon resources outside of the major 80km Tirek-Amesmessa fault north/south of the concession.
GMA's shares are traded on the AIM market of the London Stock Exchange (AIM: GMA).
For further information on the Company, please visit: www.gmaresources.co.uk
Related Shares:
Kemin Resources