Alba Mineral Resources PLC Warrant exercise and issue of equity (8114M)
August 02 2017 - 2:00AM
UK Regulatory
TIDMALBA
RNS Number : 8114M
Alba Mineral Resources PLC
02 August 2017
Alba Mineral Resources plc
("Alba" or the "Company")
Exercise of share warrants and issue of equity
Alba Mineral Resources plc (AIM: ALBA) announces that it has
received a notice to exercise share warrants with an exercise price
of 0.3p per share. The total number of share warrants exercised was
5,000,000 for total proceeds to the Company of GBP15,000.
Admission to AIM
Application will be made for the new ordinary shares from the
exercise of these share warrants to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective
at 8.00 a.m. on 7 August 2017. The new ordinary shares will be
issued credited as fully paid and will rank in full for all
dividends and other distributions declared, made or paid after
Admission and will otherwise rank on Admission pari passu in all
respects with the existing ordinary shares.
Total Voting Rights
Following Admission, the total number of ordinary shares in
issue will be 1,887,871,089. The Company does not hold any ordinary
shares in treasury. Therefore, the total number of ordinary shares
with voting rights will be 1,887,871,089. This figure may be used
by shareholders in the Company as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
share capital of the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.
For further information please contact:
Alba Mineral Resources plc
George Frangeskides (Executive
Chairman) +44 20 7264 4366
Cairn Financial Advisers LLP
James Caithie / Liam Murray +44 20 7213 0880
Dowgate Capital Stockbrokers
Limited
Jason Robertson / Neil Badger +44 1293 517744
Alba's Project Portfolio
Oil & Gas
Horse Hill (Oil & Gas, UK): Alba holds a 15 per cent
interest in Horse Hill Developments Limited, the company which has
a 65 per cent participating interest and operatorship of the Horse
Hill oil and gas project (licences PEDL 137 and PEDL 246) in the UK
Weald Basin.
Brockham (Oil & Gas, UK): Alba has a direct 5 per cent
interest in Production Licence 235, which comprises the previously
producing onshore Brockham Oil Field.
Mining
Amitsoq (Graphite, Greenland): Alba owns a 90 per cent interest
in the Amitsoq Graphite Project in Southern Greenland and has an
option over the remaining 10 per cent.
Black Sands (Ilmenite, Greenland): Alba owns 100 per cent of
mineral exploration licence 2017/29 in the Thule region, North-West
Greenland.
Limerick (Base Metals, Ireland): Alba has 100 per cent of the
Limerick base metal project in the Republic of Ireland.
El Mreiti (Uranium, Mauritania): Alba has applied for the
reissue of a uranium permit in northern Mauritania, centred on
known uranium-bearing showings.
Alba continues actively to review numerous other project
opportunities which have value-enhancing potential for the Company
whether by bolt-on or stand-alone acquisition, farm in or joint
venture.
Web: www.albamineralresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKDDNABKDDFK
(END) Dow Jones Newswires
August 02, 2017 02:00 ET (06:00 GMT)
Alba Mineral Resources (LSE:ALBA)
Historical Stock Chart
From Mar 2024 to Apr 2024
Alba Mineral Resources (LSE:ALBA)
Historical Stock Chart
From Apr 2023 to Apr 2024