Tous Actualités
Suivre
Abonner MARMARA MINING PLC

MARMARA MINING PLC

Roadshow MARMARA MINING PLC

London (ots)

EQUITY Capital increase of approximately 6.315.850
GBP, to finance further growth in TURKEY
From 16st October until 4th November, at the earliest, MARMARA
MING PLC will present the company to investors during an
international roadshow and encourage the public to purchase shares in
MARMARA MINING PLC. The subscription period, during which investors
can submit applications for shares, is expected to commence on 12th
September 2008, by which time the price range of the offer is also
expected to have been published. MARMARA MINING PLC intends its
shares to begin trading at AIM (ALTERNATIVE INVESTMENT MARKET,
LONDON) in November 2008. "With the flotation of MARMARA MINING PLC
we are opening up an attractive areas for potential growth in
TURKEY", commented Tony van Westerhoven, CEO, MARMARA MINING PLC.
The shares (2.390.000) on offer originate from the holdings  in
a Trustaccount (Beneficial Owner is MARMARA MINIG PLC) being placed
on the market. The target is, to raise 6.315.850 GBP (equity
capital of MARMARA MINING PLC) to fund & finance  growth and
expansion of MARMARA MINING PLC in Turkey. MARMARA MINING PLC
(Incorporated and registered in England with registered No.
06598424), will do a Placing at AIM in London of 6m Ordinary Shares,
GBD 0.01 each, at 360 pence (estimated) per share and placing 4m
Preference Shares, GBD 0.01 each, at 390 pence (estimated) per share.
The shares in the company will be offered to qualified investors and
institutional investors in EUROPE and TURKEY in the form of private
placements  before Flotation / IPO. After IPO free float should
exceed 8%. Expected Free Float after Flotation of 12 months will be
at 23.9%.
MARMARA MINING PLC will use the "decoupled book building process",
a technique a new share issue is left until the last possible moment,
usually in the course of a road show shortly before shares are
placed. Tony van Westerhoven commented: in this way more accurate
market oriented pricing is possible.
PRE IPO offer of MARMARA MINING PLC PREFERENCE SHARES (lock up 12
months), 6 Roadshows dates 16.10.2008 - 4.11.2008 - EARLY BIRD
REBATES:
First round:     Limit offer of  300 000 Shares, each Share for   
                    USD 4.50
   Second round:    Limit offer of 600 000 Shares, each Share for   
                    USD 5.50
   Third round:     Limit offer of 300 000 Shares, each share for    
                    USD 6.00
When the company is floated, Tony van Westerhoven will not divest
any of his own holding and has undertaken not to do so, for a period
of 36 months following the listing. Shareholders of MARMARA MINING
PLC (92%) have undertaken in a Lock up Agreement from selling
their shares for a set period of time via Public Market /
Stockexchange. This Lockup agreements prohibit company
insiders-including employees, their friends and family, and venture
capitalists-from selling their shares for a set period of time (12 -
36 months). The terms of this lockup agreements ensure that shares
owned by these insiders don't enter the public market too soon after
the offering.
MARMARA MINING PLC is in Turkey a producer and processor of
manganese ore. Manganese ore are the raw materials for the steel
industry and will remain in high demand mainly due to the growth of
the economies of China and India. Around 90% of manganese ore
worldwide is consumed in the steel industry, the majority of which is
processed initially into manganese alloys. It is an essential and
non-substitutable input to steel-making due to its alloying
properties which improve toughness and hardness and its ability to
desulphurise steel and prevent oxidation. MARMARA MINING PLC is the
first party that has invested heavily in manganese mining in Turkey.
With seven mines of high-grade manganese ore and in-house expertise
in mining, refining and trading, the company strives to be the number
one experts in the mining of manganese in Turkey. Tony van
Westerhoven, CEO, MARMARA MINING PLC commented: "The ultimate
objective of Marmara Mining Group is to become one of the major
players in Turkish manganese mining industry with international
credibility brought about by financial sources, mining resources and
technical expertise. The group is targeting to be a major player by
controlling 25% and 60% of manganese ore production & sales in Turkey
in the first and second year respectively."
Net proceeds accruing to the company from the Placing are
primarily earmarked for the  strong growth in TURKEY , and in
particular for the solid financing of the operative business in
TURKEY as mentioned in task description in the  Businessplan of
MARMARA MINING PLC. The MARMARA MINING PLC flotation is being led by
DS PRTVATE EQUITY AG as global coordinator to the FINANCIEL MARKETS.
The FACT SHEET for the PRIVATE PLACEMENT may be downloaded at
www.marmarainvestment.com and a printed version is also available
from MARMARA INVESTMENT LTD.
Disclaimer
"This press release constitutes an advertisement and does not
represent an offer to sell or an invitation to buy shares. The offer
is made exclusively through and on the basis of the FACT SHEET
relating to the possible offering of shares in MARMARA MINING  PLC,
published on the Internet at www.marmarainvestment.com and will be
available free of charge from MARMARA MINING PLC. This press release
and the information contained therein may not be transmitted to or
distributed within the United States of America ("USA") and must not
be distributed or forwarded to "U.S. persons" (as defined in
Regulation S under the U.S. Securities Act of 1993, as amended
("Securities Act"), or to publications with a general circulation in
the USA. This press release does not constitute an offering or an
invitation to purchase shares in the USA. Shares in MARMARA MINING
PLC may not be offered or sold in the United States absent
registration or an exemption from registration under the Securities
Act. in MARMARA MINING PLC does not intend to make a public offer of
Shares in the United States. In addition, this document is not for
general publication, release or distribution in the United Kingdom
and may only be distributed in the United Kingdom to persons who (i)
are investment professionals falling within article 19 (5) of the
U.K. Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005, in its current version ("the Order"), or (ii) are high
net worth entities or other persons to whom it may lawfully be
communicated falling within article 49 (2) (a) to (d) of the Order
who are also qualified investors within the meaning of article
2(1)(e) of the Prospectus Directive (2003/71/EC) (all such persons
will be termed "Relevant Persons" below). Anyone who is not a
Relevant Person may not act on the basis of this press release or its
contents. Any investment or investment activity to which this press
release refers is only available to Relevant Persons and is only
carried out with Relevant Persons."

Contact:

Axel M. Eberlein
DS PRIVATE EQUITY AG
CH-9000 St.Gallen
Waisenhausstr.5
Phone: +41/41/720'29'77
Fax: +41/41/720'29'78
E-Mail: presse@dspe.ch
Internet: www.dspe.ch