London, 13th December 2007. London Mining has been informed that Caspian Investments BVI Limited is a 100% subsidiary of Ferrous Resources Limited. Ferrous Resources owns iron ore assets in Brazil near London Mining`s Serra Azul mining operation and is headed by Gordon Toll who was formerly with Rio Tinto, Ivanhoe Mining Ltd. and Fortescue Metals Group Ltd.
As at 12 December 2007, Ferrous Resources held 25,121,600 shares in London Mining, representing 25,57% of shares outstanding.
London Mining has appointed Kaupthing Singer & Friedlander as corporate finance advisor and broker.
CMR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held