AfriTin Mining Ltd Issue of Shares (7921V)
December 15 2021 - 10:28AM
UK Regulatory
TIDMATM
RNS Number : 7921V
AfriTin Mining Ltd
15 December 2021
15 December 2021
AfriTin Mining Limited
("AfriTin" or the "Company")
Issue of Shares
Settlement of fees through issue of shares
The AfriTin Board has approved the issue of 798 001 Ordinary
shares of no par value to settle a contractual liability at 4.90p
in lieu of fees in relation to a consulting agreement ("Settlement
Shares").
Application for Admission
An application has been made for the Settlement Shares to be
admitted to trading on AIM ("Admission"). Dealings in the
Settlement Shares are expected to commence on or around 22 December
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 Settlement Shares its
issued share capital will comprise 1,113,132,913 Ordinary Shares of
no-par value upon Admission (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 1,113,132,913 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
DTRs.
AfriTin Mining Limited +27 (11) 268 6555
Anthony Viljoen, CEO
Nominated Adviser +44 (0) 207 220 1666
WH Ireland Limited
Katy Mitchell
Corporate Advisor and Joint Broker
H&P Advisory Limited
Andrew Chubb
Jay Ashfield
Nilesh Patel +44 (0) 20 7907 8500
Stifel Nicolaus Europe Limited
Ashton Clanfield
Callum Stewart +44 (0) 20 7710 7600
Tavistock Financial PR (United
Kingdom) +44 (0) 207 920 3150
Jos Simson
Nick Elwes
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is a London-listed tech-metals mining
company with a vision to create a portfolio of globally
significant, conflict-free, producing assets. The Company's
flagship asset is the Uis Tin Mine in Namibia, formerly the world's
largest hard-rock open cast tin mine.
AfriTin is managed by an experienced board of directors and
management team with a current strategy to ramp-up production at
the Uis Tin Mine in Namibia to 10,000 tonnes of tin concentrate and
350,000 tonnes of lithium concentrate in a Phase 2 expansion,
having reached Phase 1 commercial production in 2020. 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
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