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RNS Number : 6871U

Orogen Gold PLC

20 October 2014

20 October 2014

Orogen Gold plc

("Orogen" or the "Company")

Issue of Equity and Total Voting Rights

Further to the announcement on 1 July 2014 regarding the drilling for equity agreement with DEM Geosciences SAL ("DEM") for the provision of diamond drilling services to the Company, Orogen has issued to DEM 76,648,400 new ordinary shares of 0.1p each in the Company (the "New Shares") at an issue price of 0.2p.

Lock-in

DEM has undertaken not to dispose of any interest in the New Shares for a period of two years from the date of issue, save in limited circumstances, such as the acceptance of an offer for the Company or pursuant to a compromise or arrangement sanctioned by the Court, a scheme of reconstruction or offer by the Company to purchase its own Ordinary Shares.

Admission

Application has been made for the New Shares to be admitted to trading on AIM, which is expected to take place on 23 October 2014. Following admission, the enlarged issued share capital of the Company will constitute 3,560,432,183 Ordinary Shares.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules, the Company's total issued share capital following the issue of the New Shares will comprise 3,560,432,183 ordinary shares of 0.1p each with one voting right per share. There are no shares held in treasury.

The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Disclosure and Transparency Rules.

Enquiries:

 
Orogen Gold Plc                         +353 1662 8395 
Ed Slowey, CEO 
Alan Mooney, FD 
 
WH Ireland Limited 
 (Nominated Adviser and Joint 
 Broker)                          +44 (0) 20 7220 1666 
Tim Feather 
James Bavister 
 
Hume Capital Securities Plc 
 (Joint Broker)                   +44 (0) 20 3693 1470 
Jon Belliss 
 
Walbrook 
 (Public Relations and Investor 
 Relations)                       +44 (0) 20 7933 8780 
Paul Cornelius / Guy McDougall 
 

About Orogen Gold

Orogen Gold plc is a UK public company quoted on the London Stock Exchange AIM market (ticker: ORE). The Company is focused on mineral exploration and development in Europe and is currently operating two gold exploration projects: a) at Mutsk in Armenia and b) at Deli Jovan in Serbia. The Mutsk gold project in Armenia was optioned by Orogen early in 2013 to follow-up reports of a new epithermal discovery within an established gold district. At Deli Jovan the historic high-grade gold mining camp was last in production prior to World War II and has been significantly under-explored in modern times.

This information is provided by RNS

The company news service from the London Stock Exchange

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