African Minerals, a mineral exploration company with significant interests in Sierra Leone, has announced that 133,333 common shares worth US$0.01 each have been issued and allotted pursuant to the exercise of warrants.
Application has been made for the common shares to be admitted to trading and these will rank the same with the company's existing common shares. Admission of the new common shares to the AIM (Alternative Investment Market), the London Stock Exchange's international market for smaller growing companies, is expected to occur on March 22, 2010.
Subsequent to the issuance of these new common shares, African Minerals will have 233,956,320 common shares in issue.