10th Mar 2008 13:15
GMA Resources PLC10 March 2008 10 March 2008 AIM: GMA GMA Resources Plc ("GMA" or "the Company") Notification of Major Shareholding GMA Resources plc received notification on the 7th March 2008 by RAB Capital Plc(held within the Credit Suisse Client Nominees (UK) Limited account), that inaccordance with the Disclosure and Transparency Rules, on the 3 March 2008, itdisposed of 12,203,000 ordinary shares in the Company, equivalent to 3.44% ofthe issued voting share capital in the Company. Following the transactions, RABCapital plc no longer has a notifiable interest in the ordinary share capital ofthe Company. Simultaneously GMA also received notification from JP Morgan Asset Management(UK) Limited, that on 4 March 2008, it acquired 20,000,000 ordinary shares inthe Company, representing 5.64% of the issued voting share capital of theCompany. Enquiries: GMA Resources Plc John East & Partners Parkgreen CommunicationsDouglas Perkins Simon Fox / Bidhi Bhoma Louise Goodeve / Justine Howarth+1 514 806 6788 +44 (0) 20 7628 2200 +44 (0) 20 7851 7480 Notes to Editors: GMA owns a controlling 52% stake in ENOR spa ("ENOR"), the Algerian basedoperating company for the Tirek -Amesmessa project, with the remainder owned bySonatrach, the Algerian state-owned oil and Gas Company. ENOR holds the exploitation permit to the Tirek-Amesmessa property, an area ofsome 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 inthe extreme south of the permit area. The Tirek gold mine is located centrallyin the northern third of the exploration permit area, some 60 km north ofAmesmessa. Research to date suggests that the Zita Zone, which lies betweenTirek and Amesmessa, offers considerable potential for the development ofadditional prospects amenable to open-pit mining. GMA Resources plans to quicklyexpand 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). GMA currently has 354,418,493 ordinary shares in issue. For further information on the Company, please visit; www.gmaresources.co.uk This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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