TIDMANGM

RNS Number : 3912Y

Angel Mining PLC

21 February 2013

AIM:ANGM

21 February 2013

ANGEL MINING PLC

("Angel Mining" or the "Company")

Shareholders Update

Angel Mining plc, the Greenland-focused mining and exploration company, provides shareholders with the following update:

Further to the announcement on 11 February 2013 the previous extension to the notice of intention to appoint an administrator expired yesterday, 20 February 2013. On 19 February 2013, the Company filed a new notice of intention which effectively extends the period of protection for another five business days, until 26 February 2013.

Once again, should no agreement be reached with creditors before the expiry of this period, the appointment of the administrator would require action to be taken on the part of either the directors or the creditors.

Negotiations with the companies' principal trading creditors are on-going and formal agreements are now in place. The Company also continues to work with Cyrus Capital Partners LP to explore financing and restructuring options.

Suspension from Trading on AIM

Shares in the Company will continue to be suspended from trading on AIM until further notice.

Further updates will be provided to shareholders as soon as possible.

Enquiries:

 
  Angel Mining plc 
   Nicholas Hall, Chief Executive 
    Officer                              07931 709 053 
   Kevin McNair, Chief Financial 
    Officer                               07900 690 908 
  Fox-Davies Capital (NOMAD & 
   Broker) 
   Daniel Fox-Davies/Simon Leathers       0203 463 5000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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