RNS Number : 7176Z

AfriTin Mining Ltd

25 May 2021

25 May 2021

AfriTin Mining Limited

("AfriTin" or the "Company")

Issue of Shares

The AfriTin Board has approved the issue of 327,868 Ordinary shares of no-par value (the "New Ordinary Shares") to Hannam & Partners Advisory Limited, in accordance with the terms of their broker engagement letter with the Company.

The New Ordinary Shares are being issued at a price of 6 pence.

Application for Admission

An application has been made for the New Ordinary Shares to be admitted to trading on AIM ("Admission"). Dealings in the New Ordinary Shares are expected to commence on or around 28 May 2021.

Disclosure and Transparency Rules

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following the issue of the Conversion Shares its issued share capital will, upon Admission comprise 1,112,334,912 Ordinary Shares of no-par value (the "Enlarged Share Capital"). All of these Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 1,112,334,912 upon Admission. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

For further information, please visit www.afritinmining.com or contact:

 AfriTin Mining Limited 
 Anthony Viljoen, CEO                  +27 (11) 268 6555 
 Nominated Adviser 
 WH Ireland Limited 
  Katy Mitchell 
  James Sinclair-Ford                  +44 (0) 207 220 1666 
 Corporate Advisor and Joint Broker 
 Hannam & Partners 
  Andrew Chubb 
  Jay Ashfield 
  Nilesh Patel                         +44 (0) 20 7907 8500 
 Joint Broker 
 Turner Pope Investments 
  Andy Thacker                         +44 (0) 203 657 0050 
 Financial PR (United Kingdom) 
  Jos Simson 
  Emily Moss                           +44 (0) 207 920 3150 
  Oliver Lamb                           +44 (0) 778 855 4035 

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

About AfriTin Mining Limited

AfriTin Mining Limited is the first pure tin mining company listed in London. Its vision is to create a portfolio of globally significant, conflict-free, tin-producing assets. The Company's flagship asset is the Uis Tin Mine in Namibia, formerly the world's largest hard-rock opencast tin mine.

AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast-track Uis Tin Mine in Namibia to commercial production as Phase 1, ramping up to 5,000 tonnes of concentrate in a Phase 2 expansion. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.

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(END) Dow Jones Newswires

May 25, 2021 03:25 ET (07:25 GMT)

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