Ambrian Partners brokers £3.4 million placing for Toledo Mining Corporation

Ambrian Partners Limited (“Ambrian”), the wholly-owned subsidiary of Ambrian Capital plc, is pleased to announce that it acted as sole broker to Toledo Mining Corporation plc (“Toledo”), the AIM-listed nickel producer and explorer with assets in Philippines, for the Placing (“the Placing”) of 12,000,000 ordinary shares at an issue price of £0.28 pence per share, raising approximately £3.36 million.

Toledo will use the net proceeds of the Placing to finance a drilling programme at its Berong nickel laterite project, to complete a Declaration of Mining Feasibility at its Ipilan project, to provide working capital and to strengthen its balance sheet.

About Ambrian Capital plc

Ambrian Capital (AIM: AMBR) is the holding company of Ambrian Partners Limited, Ambrian Commodities Limited and Ambrian Metals Limited.

Ambrian Partners Limited is a specialist investment bank focused on the metals & mining, oil & gas and cleantech sectors. It provides corporate finance advice, equity research, sales and trading and market making services. Ambrian Partners has been ranked first in the AIM Basic Materials Sector in the Hemscott Advisers Rankings for more than 12 months, and was voted No. 1 for small and mid-cap mining in the Extel Survey of fund managers in June 2009. Ambrian Partners is a member of the London Stock Exchange and is authorised and regulated by the Financial Services Authority.

Enquiries:

Alexandra Carse (Corporate Broking)/
Richard Greenfield (Corporate Finance)
Ambrian Partners Limited
Tel: +44 (0)20 7634 4700

Charlotte Kirkham/Ben Simons
M: Communications
Tel: +44 (0)20 7153 1531/1540

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