RNS Number:5266P
GMA Resources PLC
08 September 2003


For Immediate Release                                        8th September 2003

                                GMA Resources Plc
                                        
                                ("GMA Resources")
                                        
           Result of Meetings regarding the conversion of outstanding
                                        
            8% convertible unsecured loan stock 2008 ("Loan Stock")
                                        

GMA Resources, the gold mining company, announces that the resolutions set out 
in the Circular dated 15th August 2003 were duly passed at meetings of Loan 
Stock holders and shareholders held today. Loan Stock holders will be able to 
convert all or part of their holdings of Loan Stock into new ordinary shares at 
a reduced conversion rate of 8.5p nominal of Loan Stock per share for a three 
week period ending 30th September 2003.

A circular containing the adjusted conversion details is being posted to Loan 
Stock holders today.


Press enquiries:

GMA Resources Plc
Colin Ikin, Chief Executive Officer 
Tel: +33 678 389 762

Binns & Co PR Ltd
Peter Binns
Emmie Peryer 
Tel: 0207 786 9600



                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
EGMLPMRTMMMMBFJ