Azerbaijan, Baku, Oct. 18 /Trend, N.Ismayilova/
Anglo Asian Mining plc, the AIM listed emerging gold producer, announces that it was today notified of the issue of 700,000 new ordinary shares pursuant to the exercise of options at a price of 4.75 pence by members of the Company's management team, the company reported. Additionally 80,503 new ordinary shares of 29 pence each in Anglo Asian have been issued in lieu of employee bonuses.
Anglo Asian Mining Plc owns the rights to develop six fields in southwest Azerbaijan - Gedabek, Ordubad, Gosha Bulag, Gizil Bulag, Vejnali and Soyutlu. The concession is based on PSA agreements signed with the Azerbaijani government in August 1997.
AIM is a sub-market of the London Stock Exchange, allowing smaller companies to float shares with a more flexible regulatory system than is applicable to the main market. AIM was launched in 1995.