Pathfinder Minerals Plc Issue of Equity (1885I)
August 26 2016 - 2:00AM
UK Regulatory
TIDMPFP
RNS Number : 1885I
Pathfinder Minerals Plc
26 August 2016
Embargoed: 0700hrs, 26 August 2016
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Issue of Equity
Pathfinder announces that it has received further demand from
private investors to subscribe for an aggregate 2,402,402 ordinary
shares of 0.1p each in the Company ("Ordinary Shares") at a price
of 0.8325p per share (the "Subscription"). The proceeds of the
Subscription, totalling GBP20,000, in addition to the proceeds
received from the subscriptions announced earlier in August as well
as in March 2016, will further aid the Company in pursuing the
recovery of its mining licences.
The Company has applied for the admission of the Subscription
shares to trading on AIM which is expected to take place on or
around 1 September 2016 ("Admission"). Following Admission, the
Company's issued share capital will consist of 142,237,061 Ordinary
Shares with no Ordinary Shares held in treasury. Therefore, the
above figure of 142,237,061 may be used by shareholders 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, Pathfinder under the FCA's Disclosure and Transparency
Rules.
Enquiries:
Pathfinder Minerals Plc
Nick Trew, Chief Executive
Tel. +44 (0)20 3440 7775
WH Ireland Limited (Nomad and Broker)
Paul Shackleton or James Bavister
Tel. +44 (0)20 7220 1666
Vigo Communications (Public Relations)
Ben Simons or Ali Roper
Tel. +44 (0)20 7830 9700
Email. pathfinderminerals@vigocomms.com
Notes to Editors:
Pathfinder Minerals Plc is incorporated in England & Wales
and is admitted to trading on the AIM market of the London Stock
Exchange.
CMdN, a subsidiary of Pathfinder, was issued mining concession
licences 760C and 4623C on 13 September 2004 and 13 July 2011
respectively, each for a period of twenty-five years. Taken
together, these mining concessions cover approximately 32,000
hectares of land on the Indian Ocean coast of the Zambezia province
of Mozambique, known to contain the heavy minerals, ilmenite,
rutile and zircon.
As announced on 3 February 2012, ownership of these licences is
being disputed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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