Cambridge Mineral - Completion of Placing
CAMBRIDGE MINERAL RESOURCES PLC
(AIM: CMR)
Completion of Placing
Cambridge Mineral Resources plc ('CMR' or 'the Company'), the mining exploration and production
company, announces that it has concluded a placing of 46,750,000 new ordin ary shares at 2p per share
raising �935,000 before expenses.
Application has been made for these 46,750,000 ordinary shares of 1p each i n the Company to be admitted
to trading on AIM. The new shares will rank pari passu with existing ord inary shares in the Company
and it is expected that admission and trading in these shares will commence on 29 October 2007.
Included in the shares issued were 7,000,000 new ordinary shares to RAB Special Situations (Master)
Fund Limited as consideration for the discharge of the principal and inte rest of a loan of �125,000
made to the Company.
In addition, as consideration for assistance with the Company's previous fu ndraising (as announced on 6
August 2007) the Company has also today issued 1,000,000 new ordinary shar es for which application to
trading on AIM has also been made, together with two warrants attached per share. One warrant has an
exercise period of one year and the second warrant has an exercise period of two years. All of these
warrants have an exercise price of 3p.
Following the placing and the issue of the further 1,000,000 shares, the Co mpany's issued share capital
consists of 270,282,371 ordinary shares of 1p each.
The funds raised will be used to finance the ongoing development of the Co mpany's activities in South
America and general working capital expenses.
The Company has agreed to grant 2,000,000 warrants exercisable at 2p per s hare for a period of three
years from 29 October 2007 to Ruegg & Co Limited.
Colin Andrew, Managing Director, commented:
'We are pleased to have secured the equity finance that will be necessary, in conjunction with project
debt, to advance our key precious-metal production projects in South Americ a.'
23 October 2007
Enquiries:
CAMBRIDGE MINERAL RESOURCES PLC Tel: +44 (0)20 7663 5618
Colin Andrew, Managing Director
Email: candrew@iol.ie
Website: www.cambmin.co.uk
RUEGG & CO LIMITED Tel: +44 (0)20 7584 3663
Gavin Burnell / Brett Miller
HICHENS, HARRISON & CO. Tel: +44 (0)20 7588 5171
Colin Rowbury
HAYWOOD SECURITIES (UK) LIMITED Tel: +44 (0)20 7031 8018
Tom Beattie
BANKSIDE CONSULTANTS Tel: +44 (0)20 7367 8888
Michael Padley / Louise Davis
About Cambridge:
Cambridge Mineral Resources plc is an AIM-quoted exploration and mining com pany.
Its principal focus is the exploration for and production of precious meta ls, base metals and uranium
in the following key target areas:
* South America: Colombia and Peru
* Europe: Spain, Bulgaria and Serbia
The Company has a strong portfolio of mineral projects at varying st ages of commercialisation,
supporting its strategy of providing shareholders with attractive upside op portunities.
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Cambridge Mineral Resources Plc
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