News

01.11.2010

Singer Capital Markets acts as Nomad and Broker to African Mining & Exploration PLC

African Mining & Exploration Plc, a group focused on the exploration and development of gold assets in West Africa, today announced the placing of 50,000,000 new Ordinary Shares  at a price of 10 pence per share,  and 1,560,000 existing Ordinary Shares to new investors. The Company also announced the admission of 70,811,500 Ordinary Shares to trading on the AIM Market of the London Stock Exchange.

Commenting on the Company's Admission to AIM, Mark Jones, Chief Executive Officer of AME said: "Our admission to AIM is the culmination of the first phase in AME's life as a  junior mining and exploration company. The board now can move on with confidence  into our next phase which is to confirm that the gold opportunities on our licences can be converted into a resource base that will reward our new  investors"

Singer Capital Markets acted as Nominated Adviser and Broker to the Company in relation to the transaction.

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