Adriatic Metals PLC Application for Listing of Shares (6562Q)
March 01 2021 - 01:11AM
UK Regulatory
TIDMADT1
RNS Number : 6562Q
Adriatic Metals PLC
01 March 2021
Adriatic Metals PLC
('Adriatic Metals' or the 'Company')
APPLICATION FOR LISTING OF SHARES
Adriatic Metals PLC (ASX:ADT, LSE:ADT1) confirms that
application will be made to the Financial Conduct Authority and the
London Stock Exchange for a total of 5,237,358 Ordinary shares of
GBP0.013355 each ("Shares") to be admitted to the standard segment
of the Official List and to trading on the Main Market of the
London Stock Exchange ("Admission").
The Shares were issued and allotted by the Company as
follows:
Allotment Announcement Number of Issue Price Reason for allotment
Date Date shares issued per share
24 December 24 December 4,830,156 GBP1.01 Settlement Placement as
2020 2020 previously announced on
3 November 2020 under the
terms of the Deed of Settlement
and Release between the
Company and Sandfire Resources
Limited.
29 January 29 January 115,777 GBP0.17 Shares issued as Chess
2021 2021 Depository Interests pursuant
to the strategic alliance
agreement between the Company
and Sandfire Resources
Limited.
29 January 29 January 125,425 GBP1.26 Shares issued as Chess
2021 2021 Depository Interests pursuant
to the strategic alliance
agreement between the Company
and Sandfire Resources
Limited.
22 February 23 February 166,000 GBP1.27 RAS Metals d.o.o. acquisition
2021 2021
5,237,358
The Shares rank pari passu with the existing Ordinary shares.
Admission of the Shares is expected take place on 2 March 2021.
The Company confirms that as at the date of this announcement,
the Company's issued share capital comprises 207,983,877 ordinary
shares of GBP0.013355 each, with each share carrying the right to
one vote. The Company does not hold any ordinary shares in
treasury.
The above figure of 207,983,877 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 of a change to
their interest in the Company under the FCA's Disclosure and
Transparency Rules.
** ENDS **
For further information please visit www.adriaticmetals.com ;
@AdriaticMetals on Twitter; or contact:
Adriatic Metals PLC
Paul Cronin / Emma Chetwynd Stapylton Tel: +44 (0) 7515 357842
Tavistock Communications Limited
Charles Vivian Tel: +44 (0) 7977 297903
Edward Lee Tel: +44 (0) 7736 220565
Gareth Tredway Tel: +44 (0) 7785 974264
The Capital Network
Julia Maguire/Lelde Smits Tel: +61 2 8999 3699
ABOUT ADRIATIC METALS
Adriatic Metals Plc (ASX:ADT, LSE:ADT1) is a precious and base
metals explorer and developer that owns the world-class Vares
Silver Project in Bosnia & Herzegovina and holds licences
across the Raska District in Serbia.
The Vares project's captivating economics and impressive
resource inventory have attracted Adriatic's highly experienced
team, which is expediting exploration efforts to expand the current
JORC resource. Results of a recent pre-feasibility study announced
on 15 October 2020 indicate a post-tax NPV(8) % of US$1,040 million
and IRR of 113%. Leveraging its first-mover advantage, Adriatic is
rapidly advancing the project into the development phase and
through to production with significant cornerstone investment of
US$28 million from Queen's Road Capital Investment and EBRD.
There have been no material changes to the assumptions
underpinning the forecast financial information derived from the
production target in the 15 October 2020 announcement and these
assumptions continue to apply. There have been no material changes
to the assumptions and technical parameters on the updated Mineral
Resource Estimate announced on 1 September 2020 and these
assumptions continue to apply.
Adriatic Metals acquired TSX-listed Tethyan Resource Corp in
2020, to advance the former Kizevak and Sastavci polymetallic mines
in the Raska District, southern Serbia.
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END
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