Anglesey Mining PLC Warrant conversion - GBP68,400 raised
December 04 2020 - 3:28AM
UK Regulatory
TIDMAYM
Further issue of new shares for proceeds of GBP68,400 gross
Anglesey Mining plc announces that it has issued 3,800,000 new ordinary shares,
representing approximately 1.8% of the company's current issued share capital,
at 1.8 pence per share following the exercise of warrants. These warrants were
granted as part of the placing of 12.5 million shares which took place on 24
August 2020 and 1,575,000 warrants remain outstanding.
Admission and Total Voting Rights
The new ordinary shares of 1 pence each issued in respect of this transaction
will rank pari passu with the existing ordinary shares of the company and are
expected to be admitted to the Official List and to trading on the London Stock
Exchange's main market on 9 December 2020.
The issued ordinary share capital of the company is now 210,400,732 ordinary
shares of 1 pence each with voting rights; there are no shares held in
treasury. This figure may be used by shareholders as the denominator for the
calculations which will determine whether they are required to notify their
interest in the company, or any change to that interest, under the Financial
Conduct Authority's Disclosure and Transparency Rules.
About Anglesey Mining plc
Anglesey is carrying out development and exploration work at its 100% owned
Parys Mountain zinc-copper-lead deposit in North Wales, UK with a reported
resource of 2.1 million tonnes at 6.9% combined base metals in the indicated
category and 4.1 million tonnes at 5.0% combined base metals in the inferred
category
Anglesey holds a 10.0% interest, and management rights to the Grangesberg Iron
project in Sweden, together with a right of first refusal to increase its
interest by a further 50.1%.
Anglesey also has 12% of Labrador Iron Mines Holdings Limited which holds
direct shipping iron ore deposits in Labrador and Quebec.
For further information please contact:
Bill Hooley, Chief Executive 07785 572517
Danesh Varma, Finance Director 07740 932766
Thomas Smith, ETX Capital 020 7392 1432
END
(END) Dow Jones Newswires
December 04, 2020 04:28 ET (09:28 GMT)
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