logo-loader
RNS
viewMontero Mining and Exploration Ltd

Monto Minerals Ltd - Issue of Equity

RNS Number : 2277X Monto Minerals Ltd 20 June 2008 LSE Announcement 20 June 2008 Monto Minerals Limited (the 'Company') Issue of Equity Following the announcement of 16 June 2008, the Company has today issued and allotted, subject to the shares being admitted to trading on the AIM Market ('AIM') of the London Stock Exchange ('Admission'), 40,845,000 fully paid ordinary shares ('Shares') at a price of 5p per Share and 7,230,000 Shares at a price of A$0.1035 per Share to existing major institutional investors for a total consideration of approximately A$5 million (the 'Placing'). Shares have today been issued to the following existing shareholders who prior to the Placing had legal or beneficial interests in excess of 3 per cent. of the Company's issued share capital and whose change in their respective legal or beneficial interest requires disclosure under the AIM Rules for Companies (the 'AIM Rules'): Shareholder Interest prior to % Shareholding prior Interest following % Shareholding the Placing to the Placing the Placing following the Placing Henderson Global Investors Ltd 52,806,666 15.51% 64,756,666 16.67% M&G Investment Management Ltd 52,717,960 15.49% 64,647,960 16.64% RAB Capital Plc 47,300,000 13.90% 58,070,000 14.95% The Sentient Group 31,948,197 9.39% 39,178,197 10.09% Under the AIM Rules, Henderson Global Investors Ltd, M&G Investment Management Ltd and RAB Capital Plc (the 'Related Parties') are considered to be related parties of the Company for the purposes of the Placing as they each held a legal or beneficial interest in the Company's Shares in excess of 10 per cent. of the Company's issued share capital prior to the Placing. The Directors consider, having consulted with Ambrian Partners Limited, the Company's nominated adviser, that the participation of the Related Parties in, and the terms of, the Placing are fair and reasonable insofar as shareholders are concerned. Application has been made to AIM for Admission of the Shares. Admission is expected to occur at 8.00am on 23 June 2008. Following this issue, the Company has 388,437,711 Shares in issue representing 388,437,711 voting rights. Enquiries to: Gayle Brown, Monto Minerals Ltd +61 (0)7 3034 3100 Richard Chase, Richard Greenfield, Ambrian Partners Limited +44 (0) 20 7634 4700 This information is provided by RNS The company news service from the London Stock Exchange END IOESESFISSASEEM

Quick facts: Montero Mining and Exploration Ltd

Price: 0.035

Market: TSX-V
Market Cap: $765.83 k
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Montero Mining Presentation

Toronto One2One Forum on November 22nd

on 23/11/11

RNS