Issue of Equity
20 Juni 2008 - 5:25PM
UK Regulatory
RNS Number : 2277X
Monto Minerals Ltd
20 June 2008
LSE Announcement 20 June 2008
Monto Minerals Limited (the 'Company')
Issue of Equity
Following the announcement of 16 June 2008, the Company has today issued and allotted, subject to the shares being admitted to trading
on the AIM Market ('AIM') of the London Stock Exchange ("Admission"), 40,845,000 fully paid ordinary shares ('Shares') at a price of 5p per
Share and 7,230,000 Shares at a price of A$0.1035 per Share to existing major institutional investors for a total consideration of
approximately A$5 million (the 'Placing').
Shares have today been issued to the following existing shareholders who prior to the Placing had legal or beneficial interests in
excess of 3 per cent. of the Company's issued share capital and whose change in their respective legal or beneficial interest requires
disclosure under the AIM Rules for Companies (the 'AIM Rules'):
Shareholder Interest prior to % Shareholding prior Interest following % Shareholding
the Placing to the Placing the Placing following the
Placing
Henderson Global Investors Ltd 52,806,666 15.51% 64,756,666 16.67%
M&G Investment Management Ltd 52,717,960 15.49% 64,647,960 16.64%
RAB Capital Plc 47,300,000 13.90% 58,070,000 14.95%
The Sentient Group 31,948,197 9.39% 39,178,197 10.09%
Under the AIM Rules, Henderson Global Investors Ltd, M&G Investment Management Ltd and RAB Capital Plc (the 'Related Parties') are
considered to be related parties of the Company for the purposes of the Placing as they each held a legal or beneficial interest in the
Company's Shares in excess of 10 per cent. of the Company's issued share capital prior to the Placing. The Directors consider, having
consulted with Ambrian Partners Limited, the Company's nominated adviser, that the participation of the Related Parties in, and the terms
of, the Placing are fair and reasonable insofar as shareholders are concerned.
Application has been made to AIM for Admission of the Shares. Admission is expected to occur at 8.00am on 23 June 2008.
Following this issue, the Company has 388,437,711 Shares in issue representing 388,437,711 voting rights.
Enquiries to:
Gayle Brown, Monto Minerals Ltd +61 (0)7 3034 3100
Richard Chase, Richard Greenfield, Ambrian Partners Limited +44 (0) 20 7634 4700
This information is provided by RNS
The company news service from the London Stock Exchange
END
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