LONDON, England, Nov. 19 /CNW/ - Cluff Gold plc (AIM: CLF; TSX: CFG) ("Cluff" or the "Company"), the West African focused gold mining company, today announces that on 18 November 2009, the Company approved and issued 4,850,000 ordinary shares ("Ordinary Shares") of 1 pence each in the Company (the "New Ordinary Shares"). Application has been made for the New Ordinary Shares to be admitted to trading on the London Stock Exchange's AIM market for listed securities ("Admission").
The New Ordinary Shares, representing 3.96 per cent. of the issued share capital of the Company are being issued pursuant to the exercise of options by RMB Australia Holdings Limited ("RMB"). RMB has notified the Company that on 18 November 2009, they sold all the New Ordinary Shares at a price of 61 pence per Ordinary Share, subject to Admission.
Admission and dealings in the New Ordinary Shares are expected to become effective on Wednesday, 25 November 2009. The New Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, the total issued share capital of the Company will be 122,386,331 Ordinary Shares, all of which have voting rights.
The above figure 122,386,331 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of Cluff Gold under the FSA's Disclosure and Transparency Rules.
SOURCE CLUFF GOLD PLC
For further information: For further information: Cluff Gold plc, JG Cluff, Chairman and Chief Executive, Catherine Apthorpe, Commercial Manager, Tel: +44 (0) 20 7340 9790; Evolution Securities Limited: Rob Collins, Tim Redfern, Tel: +44 (0) 20 7071 4300; Farm Street Communications Ltd: Investor Relations (U.K.), Simon Robinson, +44 (0) 20 7099 2212, email@example.com; The Equicom Group, Investor Relations (Canada), Joanna Longo, (416) 815-0700 ext 233, firstname.lastname@example.org