8th Mar 2006 12:58
GVM Metals Ltd08 March 2006 FOR IMMEDIATE RELEASE 8 March 2006 GVM METALS LIMITED ("GVM" or the "Company" Issue of Shares The Company wishes to advise that it has resolved to issue the following: €1,637,500 fully paid ordinary shares to acquire 3,406 Preference B shares in NiMag (Proprietary) Ltd. The acquisition of the shares in NiMag is the subject of a put and call option agreement entered into in by the Company in December 2003 as part of the overall agreement to acquire NiMag; and €575,000 fully paid ordinary shares in lieu of professional fees. All the above mentioned shares will rank equally in all respects with theexisting class of quoted ordinary shares and application will be made foradmission to trading on AIM. The Company also wishes to advise that negotiations to acquire further coalmining properties continue to progress and the Board believes the Company willbe in a position to make an announcement regarding the outcome of thesenegotiations in the next 3 to 4 weeks. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MCM.L