Griffin Mining Limited
Monday, July 30th, 2007
Further to the recent announcement, Griffin Mining Limited has executed a subscription agreement with and, subject to admission of the shares to trading on AIM, issued to Citadel Equity Fund Limited 68,181,818 million shares at Â£1.10 per share for total proceeds of Â£75 million. Admission of the shares to trading on AIM is expected on 1st August 2007, following which entities affiliated with Citadel Investment Group, L.L.C, will have an interest in 77,181,818 shares of the Company. This represents 29.51% of the enlarged share capital of the Company which post this placement will be 261,509,549 ordinary shares on issue.