Article: African Copper Plc: 'African Copper' or the 'Company'-Placing of New Ordinary Shares and Subscription Receipts at 77.5p 'C$1.60' Each to Raise Approximately Pounds Sterling 58m 'C$120m'

LONDON, UNITED KINGDOM--(CCNMatthews - May 9, 2006) -

Not for Distribution to United States Newswire Services or for Dissemination in the United States

African Copper Plc, (TSX:ACU)(AIM:ACU)(BSE:African Copper) the multi-listed international exploration and development company today announces a conditional placing on a non-pre-emptive basis of 34,375,000 new Ordinary Shares ("the Placing Shares") and 40,625,000 Subscription Receipts ("Subscription Receipts") to raise approximately Pounds Sterling 53.4m (C$110.3m) net of expenses ("the Placing"), in order to fund the development of the Company's mineral projects at Dukwe and in the Matsitama region of Botswana. Each Subscription Receipt will ...

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