Equity Placing
September 10 2008 - 8:12AM
UK Regulatory
Cambridge Mineral Resources plc / Ticker: CMR / Index: AIM / Sector: Mining & Exploration
10 September 2008
Cambridge Mineral Resources plc ('CMR' or 'the Company')
Equity Placing
Cambridge Mineral Resources plc, the AIM listed mining exploration and production company
primarily targeting precious metals in South America, has received share placing commitments to
raise �360,000 ('the Placing') through the issue of 36,000,000 new ordinary shares of 1pence at
1.0p per share ('Placing Shares').
The Placing Shares will represent 11 per cent of the Company's enlarged issued share capital
following the Placing, and will, when issued, rank pari passu in all respects with the existing
issued ordinary shares. The placing is conditional, inter alia, on the new ordinary shares being
admitted to trading on AIM for which application is being made to the London Stock Exchange and it
is expected that admission will become effective and that trading in the Placing Shares will
commence on or around 16th September 2008.
CMR's Managing Director Colin Andrew said, "It is the Company's continuing strategy to acquire
established exploration projects to develop into economically mineable reserves of precious metals
providing the Company with an output equivalent to 100,000 oz gold per annum. With a strong and
ever-developing portfolio of mineral projects located in South America, it was necessary for the
Company to raise �360,000 for general working capital while we strive towards achieving our goal
of bringing our key project, the Quintana gold mine in Colombia, into production by the end of
this year."
The total number of ordinary shares in issue following the placing will be 327,115,704.
** ENDS **
For further information, visit www.cambmin.co.uk or contact:
Colin Andrew Cambridge Mineral Resources plc +44 (0) 20 7663 5618
Managing Director candrew@iol.ie
Michael Burton Cambridge Mineral Resources plc +44 (0) 20 7663 5618
Finance Director mburton@cambmin.co.uk
Gavin Burnell / Ruegg & Co Limited +44 (0) 20 7584 3663
Roxane Marffy
Colin Rowbury Hichens, Harrison and Co +44 (0) 20 7382 7771
Tom Beattie Haywood Securities (UK) Limited +44 (0) 20 7031 8018
Victoria Thomas St Brides Media & Finance Ltd +44 (0) 20 7236 1177
Notes to Editor
Cambridge Mineral Resources plc is an AIM listed mining and exploration company focussed on
becoming a producer of precious metals with an output equivalent to 100,000 oz gold per annum.
Primarily targeting precious metals in South America, its strategy is to acquire established
resources at advanced stage exploration or near term production and develop them to economically
mineable reserves through further exploration. It has a strong portfolio of mineral projects at
varying stages of commercialisation including its two key projects, the Quintana gold mine in
Colombia, which is anticipated to commence production by the end of 2008, and the Rasuhuilca
silver-gold mine in Peru. The Company also has a portfolio of assets in Europe, which it is
currently in the process of seeking to divest through either joint-venture or sale.
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