Argos Resources Ltd Director/PDMR Dealing (1067V)
April 12 2021 - 2:00AM
UK Regulatory
TIDMARG
RNS Number : 1067V
Argos Resources Ltd
12 April 2021
Argos Resources Limited
Director / PDMR Dealing
On 7(th) April 2021 Argos Resources Limited (AIM: ARG.L)
announced that it had conditionally raised gross proceeds of
US$550,000 (approximately GBP400,000) through the issue of
14,428,001 Subscription Shares at a price equivalent to 2.75 pence
each (the "Subscription Price") from certain new shareholders and
Ian Thomson, Executive Chairman of the Company (the
"Fundraise").
Pursuant to the Fundraise, Mr Thomson conditionally subscribed
for a total of 6,558,182 new ordinary shares at the Subscription
Price. The Subscription Shares are expected to be issued and
admitted to trading on AIM on or around 5 May 2021, subject to
satisfaction of the conditions required for completion of the
Fundraise. Following the issue of the Subscription Shares, Mr
Thomson will be interested in a total of 35,102,883 ordinary
shares, representing 14.93% per cent. of the issued share capital
of the Company.
Further details are disclosed below in accordance with Article
19 of the EU Market Abuse Regulation.
1 Details of the person discharging managerial
responsibilities / person closely associated
a) Name Ian Thomson
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2. Reason for the Notification
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a) Position/status Executive Chairman
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b) Initial notification/Amendment Initial
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3. Details of the issuer, emission allowance
market participant, auction platform,
auctioneer or auction monitor
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a) Name Argos Resources Ltd
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b) LEI 213800JFBALNFGTAJM89
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4. Details of the transaction(s): section
to be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii)
each date; and (iv) each place where
transactions have been conducted
-----------------------------------------------------------------------------------
a) Description of the Ordinary Shares of 2p
Financial instrument, each
type of instrument
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Identification code FK0114538241
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b) Nature of the transaction Conditional Subscription
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c) Price(s) and volume(s) Price(s) Volume(s)
2.75 pence 6,558,182
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d) Aggregated information:
* Aggregated volume 6,558,182 Ordinary Shares
GBP180,350.00
* Price
------------------------------------------------- --------------------------------
e) Date of the transaction 7 April 2021
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f) Place of the transaction London Stock Exchange,
AIM
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For further information:
Argos Resources Limited (+500 22685)
www.argosresources.com
Ian Thomson, Chairman
John Hogan, Managing Director
Cenkos Securities PLC
Neil McDonald (+44 131 220 6939)
Derrick Lee (+44 131 220 9100)
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END
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