29th Jun 2007 10:26
Lonmin PLC29 June 2007 Further to the announcement dated 7 June 2007, Lonmin is pleased to announcethat it has completed the purchase, for investment purposes, of 10.8 millionunits in Wallbridge Mining Company Limited ("Wallbridge") at a price of C$0.60per unit for a total consideration of C$6.5 million (US$6.1 million). Thisrepresents approximately 18% of the issued capital of Wallbridge on a fullydiluted basis calculated immediately after the completion of this transaction(assuming the exercise of all warrants). Each unit consists of one common sharein the capital of Wallbridge ("Common Share") and one half common share purchasewarrant ("Warrant"). Each full Warrant entitles Lonmin to purchase one CommonShare at an exercise price of C$1.00 for a period of three years from the dateof issuance. Enquiries:Alex Shorland-Ball +44 (0)207 201 6060Vice President, Investor Relations& Communications This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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