LON - Lonmin Plc - Investment in Wallbridge Mining
LON
LOLMI
LON - Lonmin Plc - Investment in Wallbridge Mining Company Limited
Lonmin Plc
(Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
JSE code:LON
Issuer Code:LOLMI & ISIN:GB0031192486
("Lonmin")
29 June 2007
Investment in Wallbridge Mining Company Limited
Further to the announcement dated 7 June 2007, Lonmin is pleased to announce
that it has completed the purchase, for investment purposes, of 10.8 million
units in Wallbridge Mining Company Limited ("Wallbridge") at a price of C$0.60
per unit for a total consideration of C$6.5 million (US$6.1 million). This
represents approximately 18% of the issued capital of Wallbridge on a fully
diluted basis calculated immediately after the completion of this transaction
(assuming the exercise of all warrants). Each unit consists of one common share
in the capital of Wallbridge ("Common Share") and one half common share purchase
warrant ("Warrant"). Each full Warrant entitles Lonmin to purchase one Common
Share at an exercise price of C$1.00 for a period of three years from the date
of issuance.
Enquiries:
Alex Shorland-Ball +44 (0)207 201 6060
Vice President, Investor Relations
& Communications
Date: 29/06/2007 12:21:01 Produced by the JSE SENS Department.
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