Arc Minerals Limited Exercise of Warrants & Issue of Equity (2547I)
November 22 2018 - 9:30AM
UK Regulatory
TIDMARCM
RNS Number : 2547I
Arc Minerals Limited
22 November 2018
Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining
& Exploration
22 November 2018
Arc Minerals Ltd
('Arc' or the 'Company')
Exercise of Warrants & Issue of Equity
Arc Minerals announces that it has received notification from a
warrant holder to exercise warrants over a total of 487,500 New
Ordinary Shares of no par value in the share capital of the Company
(the 'New Ordinary Shares') at a price of 2.9 pence per share.
Accordingly, the Company has today issued the New Ordinary Shares
to the warrant holder for an aggregate cash value of
GBP14,137.50.
Application has been made for the New Ordinary shares to be
admitted to trading on the AIM market of the London Stock Exchange
('Admission'). Admission is expected to occur on or around 28
November 2018.
Total Voting Rights
Following the issue of the Shares, the total issued share
capital of the Company will consist of 631,330,891 Ordinary Shares
with voting rights. The Company does not hold any Ordinary Shares
in treasury. Therefore, the total number of voting rights in the
Company is 631,330,891 and this figure may be used by shareholders
in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest
in, or a change in their interest in, the share capital of the
Company.
For more information visit www.arcminerals.com.
**ENDS**
Contacts
Arc Minerals Ltd
Nick von Schirnding (Chairman) +44 (0) 20 7917 2942
SP Angel (Nominated Adviser
& Broker)
Ewan Leggat / Lindsay Mair /
Soltan Tagiev +44 (0) 20 3470 0470
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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