middlemas takes control

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Sydney - Friday - September 12: (RWE Aust Business News) -
Newport Mining (ASX:NMN) will raise additional working capital to enable
the pursuit of opportunities to complement its existing resource assets.
The company will make a placement of 3m shares at 15c each to
raise $450,000.
One option will also be granted for every three shares
subscribed, exercisable at 25c on or before January 31 2012.
The company will issue the shares to Arredo, a company associated
with Ian Middlemas, on September 15 and immediately appoint Mr Middlemas
as chairman and Mark Pearce as non-executive director.
John Wellington will resign from the board.
Mr Pearce will also replace Donald Stephens as company secretary
after a transitional period.