20th Jun 2007 14:52
Aminex PLC20 June 2007 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN PART OR IN WHOLE IN OR INTO THEUNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA 20 June, 2007 AMINEX PLC ("Aminex" or "the Company") EGM APPROVAL FOR PLACING AND RIGHTS ISSUE The Board of Aminex is pleased to announce that the resolution to approve thePlacing and Rights Issue, announced on 15 May 2007, was passed at anextraordinary general meeting of the Company today in Dublin. Provisional Allotment Letters will be despatched tomorrow to QualifyingNon-Crest Shareholders in accordance with the timetable as announced on 23 May2007. Application has been made to the Irish Stock Exchange Limited and to the LondonStock Exchange plc for the Placing Shares (55,882,500) and the Rights IssueShares (up to 28,163,066) to be admitted to the Official List of the Irish StockExchange and the Official List maintained by the UK Listing Authority and to theIrish Stock Exchange and the London Stock Exchange for admission of the PlacingShares and the Rights Issue Shares to trading. It is expected that admissionwill become effective and that dealings in the Placing Shares and in the RightsIssue Shares, nil paid, will commence at 8 a.m. on 21 June 2007. Aminex's Chief Executive, Brian Hall said: "Aminex is now well placed and funded to exploit its licence areas particularlyon the East African margin. We can look forward to the generation of excitingnewsflow in the coming months as we commence our 2007 programme. We are verypleased that both existing and new institutional shareholders have supportedthis equity placing. On 18 June we announced that there would be a delay in the delivery of theCaroil-6 rig to the Nyuni joint venture in Tanzania due to essential mechanicalrepairs to the rig. Naturally this is disappointing but at least we can expectthat the rig will be in good order at the time of delivery to us. The delay islikely to be several weeks and when it is delivered to us we expect to be readyto start work with all support services in place. Elsewhere in the region, we have now signed a Heads of Agreement with the KenyanMinistry of Energy for a Production Sharing Agreement over near-shore blocks L17and L18, close to Mombassa and adjacent to the Tanzanian border. In Madagascar our joint venture Amicoh Resources has signed a contract with BGPof China to acquire 500 km of 2D land seismic over the Manja area, onshore Block3108, with a likely start date in July. We have 50% of Amicoh Resources whereour partner is Mocoh Resources Ltd. We have also contracted BGP to acquire approximately 400 line kms of new 2Dseismic data over our Ruvuma licence in southern Tanzania, close to the borderwith Mozambique. We have 50% of this joint venture where our partner is TullowOil. In Egypt preparations for drilling on the West esh el Mellahah permit areongoing and the first of three wells is due to be spudded in September orOctober. Aminex has 10% in this concession and is free-carried until commercialdiscovery. Partners are First Energy, Sinopex, FS International Corporation andGroundstar Resources Ltd ." Notes: (1) Terms defined in the Prospectus dated 23 May, 2007 shall have the same meaning in this announcement. For further information:Aminex PLCSimon Butterfield, Finance Director Tel: +44 (0) 20 72913100 DavyEugenee Mulhern / Fergal Meegan Tel: +353 (0) 1 6796363 BridgewellAndrew Matharu Tel: + 44 (0) 20 70033105 Pelham Public RelationsArchie Berens Tel: +44 (0) 20 77436679 Davy Corporate Finance Limited and J&E Davy (collectively ''Davy'') (each ofwhich is regulated in Ireland by the Irish Financial Services RegulatoryAuthority) and Bridgewell Limited (''Bridgewell'') (which is regulated in the UKby the Financial Services Authority) are acting exclusively for Aminex inconnection with the requirements of the Irish Stock Exchange and the UK ListingAuthority and for no one else and will not be responsible to any other personfor providing the protection afforded to customers of Davy or Bridgewell nor forproviding advice in connection with this announcement. Participation in the proposed Rights Issue will not be available to shareholdersresident in the United States, Australia, Canada, South Africa or Japan or anyother jurisdiction where it would be unlawful to offer participation. This announcement does not constitute, or form part of, an offer of, or thesolicitation of any offer to subscribe for or buy, any of the Ordinary Shares orWarrants to be issued or sold in connection with the Placing and/or RightsIssue. Investors should not subscribe for or purchase any securities referred toin this announcement except on the basis of information in the Prospectuspublished by the Company on 23 May 2007 in connection with the Placing andRights Issue. The offer of the Ordinary Shares and Warrants in certain jurisdictions may berestricted by law and therefore potential investors should inform themselvesabout and observe any such restrictions. This announcement is not forpublication or distribution, directly or indirectly, in or into the UnitedStates. This announcement is for information only and does not constitute anoffer or invitation to acquire or dispose of Ordinary Shares or Warrants in theUnited States. The Placing and Rights Issue will not be an offer of securitiesfor sale in the United States. Securities may not be offered or sold in theUnited States absent registration or an exemption from registration. TheOrdinary Shares and Warrants have not been and will not be registered under theUS Securities Act of 1933, as amended ('the Securities Act'), or with anysecurities regulatory authority of any state or other jurisdiction of the UnitedStates, and may not be offered or sold in the United States, except pursuant toan exemption from, or in a transaction not subject to, the registrationrequirements of the Securities Act. There will be no public offering of OrdinaryShares or Warrants in Aminex in the United States. Past performance is no guide to future performance and persons needing adviceshould consult an independent financial adviser. The distribution of this announcement may be restricted by law. No action hasbeen taken that would permit the possession or distribution of this announcementin any jurisdiction where action for that purpose is required. ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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