Sula Iron & Gold PLC Exercise of Warrants and Issue of Equity (1516P)
November 15 2016 - 2:01AM
UK Regulatory
TIDMSULA
RNS Number : 1516P
Sula Iron & Gold PLC
15 November 2016
15 November 2016
Sula Iron & Gold plc
("Sula" or the "Company")
Exercise of Warrants and Issue of Equity
Sula (AIM: SULA), the multi-commodity exploration company
focused on Sierra Leone announces that it has today allotted and
issued 78,125,000 new ordinary shares of 0.1 penny each in the
capital of the Company at a price of 0.16 pence per share (the
"Warrant Shares") further to the exercise of certain warrants. The
gross proceeds of exercise amounted, in aggregate, to GBP125,000
which provides additional working capital for the Company.
The Company has made application for the Warrant Shares to be
admitted to trading on AIM ("Admission"). It is expected that
Admission will become effective and that dealings in the Warrant
Shares will commence at 8.00 a.m. on 17 November 2016. The Warrant
Shares will be fully paid and will rank pari passu in all respects
with the Company's existing ordinary shares.
For the purposes of the Disclosure and Transparency Rules,
following Admission of the Warrant Shares, the Company's total
issued ordinary share capital will consist of 1,300,681,454
ordinary shares of 0.1 penny each. This figure 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, the Company under the Disclosure and
Transparency Rules.
**ENDS**
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014.
For further information, please visit www.sulaironandgold.com or
contact the following:
Sula Iron & Gold plc +44 (0) 20
Roger Murphy (CEO) 7583 8304
Strand Hanson Limited (Financial
and Nominated Adviser)
James Harris / Matthew Chandler +44 (0) 20
/ James Dance 7409 3494
VSA Capital Limited (Broker) +44 (0) 20
Andrew Raca 3005 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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