the following released in london today.
RNS Number:7137O
AIM Resources Limited
28 December 2006
28 December 2006
AIM Resources Limited
("AIM Resources" or "The Company")
Issue of Securities
The Company announces that it has placed, through Seymour Pierce Limited,
Westwind Partners, Inc., Paradigm Capital Pty Ltd and Cartesian Capital Pty
Limited a total of 81,893,238 fully paid ordinary shares ("Placement Shares")at
an issue price of A$0.29 (11.6p) per share to raise up to approximately
AUD$23.75 million (circa £9.5 million) before expenses.
The net proceeds of the placing will be applied to continue the Company's mine
development plan for its high-grade Perkoa zinc mine development in Burkina
Faso. Development on site at Perkoa is continuing, including the commencement of
excavation work on the box cut for the decline development.
This placement has been made pursuant to the shareholders' approval granted at
the Annual General Meeting held on 30 November 2006.
The funding mix for the Perkoa Zinc Project is continually under review and may
change from that announced on 18 October 2006 based upon market conditions.
Discussions are continuing with the banks and the off-takers. When this is
finalised an announcement will be made to the market.
Application has been made for the Placement Shares to be admitted to trading on
AIM and dealings are expected to commence on 29 December 2006.
For further information please contact:
Marc Flory, Managing Director
Scott Reid, Director
AIM Resources Limited Ph: +61 2 9222 9444
Jonathan Wright
Seymour Pierce Limited Ph: +44 20 7107 8000
ABOUT THE PERKOA ZINC PROJECT
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