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Publication of Interim Accounts to 31/08/2008

Angus & Ross plc has published the Interim Report and Accounts to 31/08/2008. The report is available for download from the Annual Reports page.

Notice of General Meeting

Chief Executive Officer, Nicholas Hall, comments:
“The various resolutions being considered at this General Meeting represent an important new start for the Company. The support of Cyrus Capital has enabled us to avoid the threat of receivership and to acquire the assets of the Nalunaq gold mine, providing all shareholders with a real prospect of seeing their investment in Angus & Ross progressively increase in value. We still await the formal approval of the Greenlandic and Danish Governments’ Joint Committee, for the acquisition, which we are hoping to receive shortly.

I am delighted that our board will be strengthened by the appointments of Dan Bordessa as a non-executive director and Frank Chapman as non-executive chairman. I have worked closely with Dan, over the last few months, to create the opportunity that we now have and we both agree that the Company has an excellent opportunity to develop a variety of mining opportunities in Greenland. We have worked with Frank before, in his previous capacity as a non-executive director of the Company, and I am particularly delighted that he has agreed to rejoin us as Chairman. We believe he will be most effective in this role and in addition he brings great insight into metal commodity markets.

We have decided to mark this new start for the Company by proposing that we change our name to Angel Mining plc. Our new name is taken from our flagship project, the Black Angel mine and it emphasises that we are now a ‘mining’ company. We will shortly unveil our new website which we hope will be a more effective window on the world for us as we will use it to keep shareholders better informed with regular progress reports on operational sites together with other essential data.

Preparatory work is currently underway at both Nalunaq and the Black Angel and in recent months we have seen commodity prices rise well above our forecast cash cost of production. We anticipate that Nalunaq will be in production before the end of 2009 and we plan to be mining the Black Angel in late 2010.”

Full details can be found in the key documents section of the Corporate Information page.

Notice of Interest

Angus & Ross plc ("the Company") - the Company announces that it has received notification that as at 28 July, 2009, following an acquisition of ordinary shares of 1p each in the Company (“Ordinary Shares”) Barclays plc, through the legal entities Barclays Stockbrokers Ltd and Gerrard Investment Management Ltd, had an indirect interest in 14,835,776 Ordinary Shares which represents 6.00% of the current voting rights of the Company.

Enquiries:

Angus & Ross plc
Nicholas Hall, Chief Executive
07931 709 053

WH Ireland Limited
Adrian Kirk
0161 832 2174

RAB Capital Shareholding Reaches 29.15%

A form TR-1 containing the following information has been received by the Company. 

TR-1 notification of major interests in shares 

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: 

Angus & Ross PLC 

2. Reason for the notification 

An acquisition or disposal of voting rights

3. Full name of person(s) subject to the notification obligation: 

RAB CAPITAL PLC ACTING AS DISCRETIONARY MANAGER OF RAB SPECIAL SITUATIONS (MASTER) FUND LIMITED

4. Full name of shareholder(s) (if different from 3): 

CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED

5. Date of the transaction (and date on which the threshold is crossed or reached if different): 

4 July 2008

6. Date on which issuer notified: 

9 July 2008

7. Threshold(s) that is/are crossed or reached: 

29%

8. Notified details: 

A: Voting rights attached to shares

Class/type of shares if possible using ISIN CODE	Situation previous to Triggering transaction		Resulting situation after the triggering transaction Notification required under DTR transitional provision 7
	Number of Shares	Number of Voting Rights	Number of shares	Number of voting rights		% of voting rights
			Direct	Direct	Indirect	Direct	Indirect
ORDINARY SHARES GB0009348862	23,297,595	16.48%	N/A	N/A	61,797,595	N/A	29.15%

B: Financial Instruments

Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ Conversion Period/ Date	Number of voting rights that may be acquired if the instrument is exercised/ converted	% of voting rights
N/A	N/A	N/A	N/A	N/A

Total (A+B)

Number of voting rights	% of voting rights
61,797,595	29.15%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: 

RAB Capital Plc acts as investment manager for RAB SPECIAL SITUATIONS (MASTER) FUND LIMITED. RAB Capital plc does not act as custodian for its clients and therefore the shares are held in the nominee name of the custodian of its clients, which is CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED.

10. Name of the Proxy holder: 

N/A

11. Number of voting rights proxy holder will cease to hold: 

N/A

12. Date on which proxy holder will cease to hold voting rights: 

N/A

13. Additional information: 

N/A

14. Contact name: 

LEGAL TEAM

15. Contact telephone number: 

020 7389 7000

Notice of Interest

The Company announces that it has issued 1,986,228 new ordinary shares of 1p each in the Company (“Ordinary Shares”) at approximately 1.88p per share following a draw down under the terms of the Standby Equity Distribution Agreement announced on 27 April, 2009.
 
Application will be made for the admission of 1,986,228 new Ordinary Shares to be admitted to trading on AIM. It is expected that admission will become effective and that dealings will commence on 7 July, 2009. On admission, the Company will have 247,302,761 Ordinary Shares in issue.

Notice of Interest

Angus & Ross plc (“A&R” or “the Company”) is pleased to announce that it has unconditionally acquired all the assets, infrastructure, inventories and goodwill at the Nalunaq gold mine in Greenland from Nalunaq Gold Mine A/S (“NGM”), a subsidiary of Crew Gold Corporation (“Crew”) for a total consideration of $1 million cash.  

The Company intends to quickly bring the Nalunaq mine back into production, which will hopefully produce near term cash flow for the Company.  

A further $500k will be due for payment by the earlier of 31 August 2009 or within 10 working days of agreement to the acquisition by the Joint Committee of members of parliament of the Greenland Home Rule Government and upon satisfactory transfer by NGM to the Company of the DKK16 million BMP Mine Closure Security Fund.

The deal reflects a revision to that announced on 7 April 2009 which originally envisaged the purchase of shares of NGM.  

Payment of the initial proportion of the consideration has been financed from a $1.25 million three month loan provided by Cyrus Capital Partners LP (“Cyrus”). The loan is subject to an arrangement fee of $93,750 payable in cash and will bear interest at 15% per annum. The loan must be repaid earlier if any new debt financing is raised, if any funds are drawn down from the recently announced Standby Equity Distribution Agreement entered into with Yorkville Advisors LLC or from the net proceeds of any other equity raising.

Cyrus currently holds 37.5 million warrants at an exercise price of 20p, with an expiry date of 10 July 2010 and is therefore considered to be a related party.

The directors of the Company consider, having consulted with WH Ireland Limited, the Company’s Nominated Adviser, that the terms of the transaction are fair and reasonable insofar as its shareholders are concerned.

Nicholas Hall, Chief Executive Officer, commented:
“The completion of the acquisition of the Nalunaq mine is a major step in the transformation of the Company. We believe the Nalunaq mine can be operated profitably by adopting a mining method that will enable us to employ local labour and by producing concentrate on site. We look forward to progressing this opportunity.”