Tertiary Minerals PLC Issue of Shares by Sunrise Resources PLC (7949V)
February 01 2017 - 12:00PM
UK Regulatory
TIDMTYM
RNS Number : 7949V
Tertiary Minerals PLC
01 February 2017
Tertiary Minerals plc
www.tertiaryminerals.com
("Tertiary" or "the Company")
1 February 2017
Issue of Shares by Sunrise Resources PLC
Tertiary Minerals plc, the AIM traded company building a
strategic position in the fluorspar sector, is pleased to announce
that earlier today, the Board of Sunrise Resources PLC ("Sunrise")
resolved to issue 22,332,230 new ordinary shares of 0.1p each
("Ordinary Shares") of Sunrise to Tertiary in settlement of
GBP30,148.51 of management fees outstanding at 31 December 2016
("the New Shares").
Since the formation of Sunrise, Tertiary has provided, and
continues to provide, Sunrise with office facilities and company
and project management services at cost. This cost sharing
arrangement works to the benefit of both companies and enables them
to be run with reduced overheads.
Following the issue of the New Shares, Tertiary will hold
136,454,787 Ordinary Shares of Sunrise, representing an interest of
approximately 11.23% of the enlarged issued capital of Sunrise.
Application will be made for the New Shares to be admitted to
trading on AIM. Admission is expected to occur on or around 7
February 2017.
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
mineral exploration and development company building a significant
strategic position in the fluorspar sector. Fluorspar is an
essential raw material in the chemical, steel and aluminium
industries. Tertiary controls two significant Scandinavian projects
(Storuman in Sweden and Lassedalen in Norway) and a large deposit
of strategic significance in Nevada USA (MB Project).
Enquiries
Tertiary Minerals plc
Patrick Cheetham, Executive
Chairman
Richard Clemmey, Managing
Director +44 (0)1625 838 679
SP Angel Corporate Finance
LLP
Nominated Adviser & Joint
Broker#
Ewan Leggat /Lindsay
Mair +44 (0) 20 3470 0470
Beaufort Securities Ltd
Joint Broker
Elliot Hance +44 (0)20 7382 8300
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
mineral exploration and development company building a significant
strategic position in the fluorspar sector. Fluorspar is an
essential raw material in the chemical, steel and aluminium
industries. Tertiary controls two significant Scandinavian projects
(Storuman in Sweden and Lassedalen in Norway) and a large deposit
of strategic significance in Nevada USA (MB Project).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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