Anglesey Mining plc Completes CAD29 Million Equity Financing

Anglesey Mining plc announced that it has completed its previously announced public offering, including the full amount of the over-allotment option, for aggregate gross proceeds of CAD28,980,000. A total of 27,600,000 units of LIM, including those issued pursuant to the exercise of the over-allotment option, were issued and sold at a price of C$1.05 per unit. Each unit consists of one common share of LIM and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share of LIM at an exercise price of C$1.35 per common share for a period of 36 months following the closing of the offering. The warrants have been listed on the Toronto Stock Exchange and will trade under the symbol LIM.WT. The offering was completed by a syndicate of underwriters led by Canaccord Genuity Corp. and included RBC Dominion Securities Inc., Scotia Capital Inc., Macquarie Capital Markets Canada Ltd., Jennings Capital Inc. and Raymond James Ltd. LIM intends to use the net proceeds to fund pre-stripping, mining and processing costs, including payments to LIM's mining contractors, and transportation costs in connection with the seasonal resumption of production operations in April 2013; also to supplement working capital and general and administrative costs for the remaining winter season.