Cambridge Mineral resource plc

Published : September 10th, 2008

Equity Placing

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Cambridge Mineral - Equity Placing

 
Cambridge Mineral Resources plc / Ticker: CMR / Index: AIM / Sector: Mining & Exploration
 
10 September 2008
�������������������� Cambridge Mineral Resources plc ('CMR' or 'the Company')
�������������������������������� ���������Equity Placing
 
CambridgeMineralResourcesplc,theAIM listed miningexplorationandproductioncompany
primarilytargeting precious metals in South America, has received share placingcommitmentsto
raise�360,000 ('the Placing') through the issue of 36,000,000 new ordinary shares of1penceat
1.0p per share ('Placing Shares').
 
ThePlacingShareswill represent 11 per cent of the Company's enlargedissuedsharecapital
followingthe Placing, and will, when issued, rank pari passu in all respects withtheexisting
issued ordinary shares.The placing is conditional, inter alia, on the new ordinary sharesbeing
admitted to trading on AIM for which application is being made to the London Stock Exchange and it
isexpected thatadmission will become effective and that trading in thePlacingShareswill
commence on or around 16th September 2008.
 
CMR'sManagingDirector Colin Andrew said, 'It is the Company's continuing strategytoacquire
established exploration projects to develop into economically mineable reserves of precious metals
providingthe Company with an output equivalent to 100,000 oz gold per annum.With a strongand
ever-developing portfolio of mineral projects located in South America, it was necessaryforthe
Companyto raise £360,000 for general working capital while we strive towards achieving ourgoal
ofbringing our key project, the Quintana gold mine in Colombia, into production bytheendof
this year.'
 
The total number of ordinary shares in issue following the placing will be 327,115,704.
 
������������������������������������������� ** ENDS **
 
For further information, visit www.cambmin.co.uk or contact:
Colin Andrew������������������ Cambridge Mineral Resources plc����� +44 (0) 20 7663 5618
Managing Director�������������������������������������������������� candrew@iol.ie
Michael Burton���������������� Cambridge Mineral Resources plc����� +44 (0) 20 7663 5618
Finance Director���������������������������������������������� �����mburton@cambmin.co.uk
Gavin Burnell /��������������� Ruegg & Co Limited������������������ +44 (0) 20 7584 3663
Roxane Marffy
Colin Rowbury����������������� Hichens, Harrison and Co������������ +44 (0) 20 7382 7771
Tom Beattie������������������� Haywood Securities (UK) Limited����� +44 (0) 20 7031 8018
Victoria Thomas��������������� St Brides Media & Finance Ltd������� +44 (0) 20 7236 1177
 
Notes to Editor
CambridgeMineralResourcesplcis an AIM listed mining and explorationcompanyfocussedon
becomingaproducer of precious metals with an output equivalent to 100,000 oz goldperannum.
Primarilytargetingprecious metals in South America, its strategyistoacquireestablished
resourcesatadvanced stage exploration or near term production and develop them to economically
mineablereserves through further exploration.It has a strong portfolio of mineral projectsat
varyingstagesof commercialisation including its two key projects, the Quintanagoldminein
Colombia,whichisanticipated to commence production by the end of 2008,andtheRasuhuilca
silver-goldmineinPeru.The Company also has a portfolio of assets in Europe,whichitis
currently in the process of seeking to divest through either joint-venture or sale.
 
 
������������������������������������������������������������ 
Cambridge Mineral Resources Plc
 

Cambridge Mineral resource plc

CODE : CMR.L
CUSIP : 2255996
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Cambridge is a silver and gold exploration company based in United kingdom.

Cambridge holds various exploration projects in Colombia.

Its main exploration properties are MINA DEL SOL and QUINTANA in Colombia.

Cambridge is listed in United Kingdom. Its market capitalisation is GBX 121.8 millions as of today (US$ 178.5 millions, € 139.2 millions).

Its stock quote reached its highest recent level on January 14, 2005 at GBX 9.98, and its lowest recent point on January 16, 2009 at GBX 0.20.

Cambridge has 369 115 704 shares outstanding.

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In the News and Medias of Cambridge Mineral resource plc
7/25/2007Reserves and Resources in-situ value
Financings of Cambridge Mineral resource plc
10/17/2007Exercise of Warrants
Project news of Cambridge Mineral resource plc
11/20/2008(Quintana)Gold Production Commences at Quintana, Colombia
8/13/2008Feasibility Study Shows Positive
4/23/2008(Quintana)Update on Quintana Gold Mine
2/25/2008(Quintana)Update on Progress on Quintana and El Cinco gold mines
1/25/2008(Quintana)Financing Secured for Development of Colombian Gold Mines
7/3/2007(Mina Del Sol)Mina del Sol Project Update
Corporate news of Cambridge Mineral resource plc
9/9/2013House: Past, Present and Future
9/13/2012UEC CEO Amir Adnani on Cambridge House International
2/3/2012UEC CEO Amir Adnani interviewed on BNN and Cambridge House L...
1/20/2012Stop SOPA: See you at Cambridge
9/12/2011Auriga Gold Corp. (AIA:TSXV) at the Toronto Cambridge Show
2/27/2009Update on Financial Position
1/30/2009Resignation of NOMAD
1/26/2009Gold Show Draws Record Crowd
12/31/2008Total Voting Rights
12/12/2008Update on financing arrangements
12/1/2008Holding in Company
11/13/2008Notification Of Major Interests In Shares
11/10/2008Holding in Company
9/30/2008Hemscott News Alert - Cambridge Mineral Resources PLC
9/16/2008Hemscott News Alert - Cambridge Mineral Resources PLC
9/10/2008Equity Placing
7/28/2008Suspension Lifted
7/22/2008Final Result
4/2/2008Grant of Share Options
3/31/2008Holding in Company
3/31/2008Total Voting Rights
3/19/2008Holding in Company
3/10/2008Result of General Meeting
2/15/2008Holding in Company
11/7/2007Exercised its option to acquire the remaining 50% of the Pat...
11/2/2007Holding in company
10/29/2007and Electrum Ltd Form a New Joint Venture in Bulgaria
10/23/2007Completion of Placing
9/28/2007Hemscott News Alert - Cambridge Mineral Resources PLC
8/31/2007(angl) Board Change
8/10/2007Update on Colombian Projects
4/10/2007Drilling Report published!
3/27/2007Notification Of Major Interests In Shares published!
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