FOR IMMEDIATE RELEASE
18 March 2008
NEPTUNE MINERALS PLC
("Neptune" or the "Company")
Issue of equity
The Company announces that in accordance with the Executive Incentive
Plan 50,000 performance shares have been converted to ordinary
shares.
Following receipt of the conversion notice the Company has, on 17
March 2008, issued and allotted 50,000 ordinary shares of 0.5p.
Following the issue of these shares, the Company will have
66,114,113 ordinary shares in issue. Application has been made for
the shares to be admitted to trading on AIM and this will take place
on 25 March 2008.
END
For further information please contact:
Simon McDonald (Neptune MD and CEO):
T: +61 (0) 2 9957 5244
By email to the Company:
info@nepmins.com
Richard Hail (Fox Davies Capital Limited, Broker):
T: +44 (0) 20 7936 5200
Fiona Owen (Grant Thornton Corporate Finance, Nomad):
T: +44 (0) 20 7383 5100
Rozanne Ichikowitz (Grant Thornton Sydney):
T: +61 (0) 2 8297 2522
Nadja Vetter / Matthew Law (Cardew Group, PR):
T: +44 (0) 20 7930 0777
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