Bushveld Minerals Limited Exercise of Warrants and Total Voting Rights (3843A)
March 23 2017 - 12:01PM
UK Regulatory
TIDMBMN
RNS Number : 3843A
Bushveld Minerals Limited
23 March 2017
23 March 2017
Bushveld Minerals Limited
("Bushveld" or "the Company")
Exercise of Warrants and Total Voting Rights
The Company announces that it has received exercise notices for
the exercising of the following warrants over Ordinary Shares:
-- 5,449,790 warrants at 2.4p; and
-- 5,357,143 warrants at 2.8p.
The Company has therefore received gross proceeds of
approximately GBP280,795.
Accordingly, 10,806,933 new Ordinary Shares have been
issued.
Admission to AIM and Total Voting Rights
Application has been made for admission of these 10,806,933 new
Ordinary Shares to trading on AIM ("Admission") and it is expected
that Admission will take place and that trading will commence on
AIM at 8.00 a.m. on 29 March 2017.
Following Admission, there will be a total of 729,669,703
Ordinary Shares in issue, 670,000 of which are held in treasury.
Shareholders should use the figure of 728,999,703 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 Company, under the FCA's Disclosure and
Transparency Rules.
Following the exercise of the warrants, the Company has a total
of 48,390,286 warrants in issue.
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulations (EU) No. 596/2014.
Enquiries: info@bushveldminerals.com
Bushveld Minerals
Fortune Mojapelo +27 (0) 11 268 6555
Beaufort Securities
Jon Belliss +44 (0) 20 7382 8300
SP Angel Corporate Finance
Ewan Leggat +44 (0) 20 3470 0470
Strand Hanson
Andrew Emmott / Ritchie Balmer +44 (0) 20 7409 3494
Blytheweigh
Tim Blythe / Camila Horsfall +44 (0) 20 7138 3204
Gabriella von llle +27 (0) 711 121 907
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a diversified AIM listed mineral
development company with a portfolio of vanadium, iron ore, tin and
coal greenfield assets in Southern Africa and Madagascar. The
Company's flagship platform, the vanadium platform, includes the
Mokopane Vanadium Project, the Brits Vanadium Project, and the
Bushveld Iron Ore & Titanium Project. The tin platform
comprises the Mokopane Tin Project whereas the Imaloto Coal
Project, which is being developed as one of Madagascar's leading
independent power producers, makes up the Company's coal
platform.
The Company's vision is to become the largest low cost
integrated primary vanadium producer through owned low-cost
high-grade assets. This incorporates development and promotion of
the role of vanadium in the growing global energy storage market
through Bushveld Energy, the Company's energy storage solutions
provider. Whilst the demand for vanadium remains largely anchored
in a slow growing steel industry, Bushveld Minerals believes there
is a strong potential for imminent significant global vanadium
demand surge from the fast-growing energy storage market,
particularly through the use and adoption of Vanadium Redox Flow
Batteries.
Bushveld Minerals' approach to project development recognises
that whilst attractive project economics are imperative, they are
insufficient to secure capital to bring them to account. A clear
path to production with a visible timeframe, low capex requirements
and scalability are important factors in retaining an attractive
exit option. This philosophy is core to the Company's strategy in
developing projects. Detailed information on the Company and
progress to date can be accessed on the website:
www.bushveldminerals.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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