Shareholding in Minco Plc
September 30, 2013 (Source: Minco PLC) — Minco Plc (AIM – “MIO”) (the “Company” or “Minco”) reports that it has been notified on September 26 that Tom and Philomena O’Gorman acquired a direct interest in 1,800,000 ordinary shares of Minco plc between September 18 and September 26 and currently hold 24,150,000 shares of the Company, representing approximately 5.05 % of Minco’s issued and outstanding shares.
There are currently 478,142,184 shares of Minco issued and outstanding.
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Minco Plc, incorporated in the Republic of Ireland and listed on the AIM Alternative Investment Market of the London Stock Exchange (“MIO”), is premier base metals exploration and development company with advanced projects in established mining jurisdictions in eastern Canada. The Company is also engaged in zinc-lead exploration in the United Kingdom and Ireland. Minco holds investments in zinc‐silver projects in Mexico through a holding of 30 million shares (approximately 29%) in Xtierra Inc. listed on the TSX Venture Exchange (TSX.V-“XAG”).
In July 2013, Minco acquired Buchans Minerals Corp. (“Buchans Minerals”) which consolidated Minco’s ownership of Buchans Minerals advanced exploration assets, being the Lundberg Project in central Newfoundland and the Woodstock Manganese Project in New Brunswick. Minco owns 100% of the Lundberg base metal project and the Woodstock manganese project, in addition to Minco’s existing exploration projects in the UK and Ireland.
Minco also holds a 2% NSR royalty on the Curraghinalt gold property in Northern Ireland, which is being explored by Dalradian Resources Inc. (TSX-“DNA”).
At 30 June 2013, Minco currently held approximately US$12 million in cash.
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