Ferro-Alloy Resources Limited (LSE:FAR), the vanadium mining and processing company with operations based in Southern Kazakhstan, today announces that Nick Bridgen, Chief Executive Officer & Andrey Kuznetsov, Operations Director have raised gross proceeds of £5m through an oversubscribed sell down of existing shares, with Shore Capital acted as Lead Bookrunner and Corporate Broker.

This follows the multi-stage strategic investment into Ferro Alloy Resources led by Sir Mick Davis, as well as his proposed appointment as Chairman of the Board.

For further information please contact:  
Shore Capital +44 (0) 20 7408 4090
Corporate Advisory: Toby Gibbs / John More
Corporate Broking: Jerry Keen

For Shore Capital media enquiries, please contact:  
Adele Gilbert: +44 (0)74 8477 8331

About Shore Capital

We are an independent securities business offering institutional and corporate clients leading investment banking, research, sales and trading services, including fixed income. We are represented across the UK enabling extensive distribution and institutional coverage. This distribution capability is complemented by our experienced corporate advisory and broking team who offer discreet, innovative and valued advice to companies on both the Main Market and AIM. Shore Capital is also the third largest market maker by number of AIM stocks covered.

Our cross-disciplinary team has deep, market leading experience in a wide range of small and mid-cap UK companies within the following sectors: Consumer, Financials, Healthcare, Insurance, Natural Resources, Real Estate, Support Services, Technology and Media. Our research on over 250 companies is distributed to an extensive institutional client base in the UK, Europe and US.

Shore Capital is a trading name of both Shore Capital Stockbrokers Limited and Shore Capital and Corporate Limited.