MEDUSA MINING LIMITED
(AIM: MML)
Issue of Equity
Further to the joint venture agreement entered into by Medusa Mining
Limited ("Medusa" or "the Company") and MRL Gold Phils., Inc. ("MRL")
on 17 May 2006, Medusa announces that it has issued 84,412 new
ordinary shares of nil par value in the Company to MRL.
Pursuant to the terms of the joint venture agreement and the
fulfilment of certain conditions, Medusa has issued to MRL new
ordinary shares at a price of A$0.78 per share (being the market
price of the ordinary shares on 17 May 2006).
The new ordinary shares will rank pari passu with existing ordinary
shares and application will be made for these new ordinary shares to
be admitted to trading on AIM, which is expected to occur on 8 June
2009.
Following the issue of the new ordinary shares, the Company has a
total of 168,691,960 ordinary shares of nil par value in issue.
June 2, 2009
Contact details:
Medusa Mining Limited
Geoffrey Davis, Managing Director
Roy Daniel, Finance Director
Tel: +61 8 9367 0601
Fairfax I.S. PLC
Nominated Adviser / Joint Broker
Ewan Leggat
Tel: +44 (0)20 7598 5368
Mirabaud Securities Limited
Joint Broker
Peter Krens
Tel: +44 (0)20 7321 2508
Lothbury Financial
Michael Padley / Libby Moss
Tel: +44 (0)20 7011 9411
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
