Ferrum Crescent Ltd Exercise of Options and Issue of Equity (9697P)
November 24 2016 - 2:00AM
UK Regulatory
TIDMFCR
RNS Number : 9697P
Ferrum Crescent Ltd
24 November 2016
24 November 2016
Ferrum Crescent Limited
("Ferrum Crescent", the "Company" or the "Group")(ASX, AIM, JSE:
FCR)
Exercise of Options and Issue of Equity
Ferrum Crescent, the ASX, AIM and JSE quoted metals project
developer, announces that it is issuing 769,231 new ordinary shares
of no par value each in the capital of the Company ("Ordinary
Shares") as a result of the exercise of, in aggregate, 769,231
options exercisable at a price of 0.165 pence per share (the
"Option Shares"). Such options were granted in connection with the
Company's placing and subscription announced on 27 April 2016.
Application will be made for quotation of the Option Shares on
the Australian Securities Exchange and the JSE Limited, and has
been made to the London Stock Exchange plc for admission to trading
on AIM ("Admission"). It is expected that Admission of the Option
Shares will become effective and that dealings in the Option Shares
will commence on AIM at 8.00 a.m. on 25 November 2016. The Option
Shares will be fully paid and will rank pari passu in all respects
with the Company's existing Ordinary Shares. Following the issue of
the Option Shares, the total issued ordinary share capital of the
Company will comprise 1,869,402,153 Ordinary Shares.
For further information on the Company, please visit
www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Justin Tooth, Executive Chairman
Grant Button, Company Secretary
T: +61 8 9474 2995
UK enquiries:
Laurence Read (UK representative)
T: +44 7557 672 432
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
Beaufort Securities Limited (Broker)
Elliot Hance
T: +44 (0)20 7382 8300
Bravura Capital (Pty) Ltd (JSE Sponsor)
Doné Hattingh
T (direct): +27 11 459 5037
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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