European Metals Holdings Limited Issue of Equity (1267O)
August 16 2017 - 1:22AM
UK Regulatory
TIDMEMH
RNS Number : 1267O
European Metals Holdings Limited
16 August 2017
For immediate release
16 August 2017
EUROPEAN METALS HOLDINGS LIMITED
Equity Issue
European Metals Holdings Limited ("European Metals" or "the
Company") (ASX and AIM: EMH), advises that it has issued 351,448
new ordinary shares (represented by Chess Depositary interests or
"CDI's") in the Company at a price of AUD0.7327 per CDI further to
the Fund Facility Agreement between 6466 Investments Pty Ltd and
EMH ("Facility") as announced on 27 June 2017. The issue of new
CDIs is in respect to the third advance of AUD250,000 under the
Facility, and the Draw Down Fee of 3% (AUD7,500) on the third
advance. The funds will be used in the preparation of the Company's
Definitive Feasibility Study, for further drilling and general
working capital.
Application is being made for the new ordinary shares
represented by the CDIs to be admitted to trading on AIM, with
admission expected to take place on or around 18 August 2017. The
new ordinary Shares will rank pari passu in all respects with the
existing ordinary shares in EMH.
Total Voting Rights
Following the issue of the new Ordinary Shares, the total number
of Ordinary Shares in issue with voting rights is 131,050,036. This
figure may be used by shareholders in the Company as the
denominator for the calculation by which they will determine if
they are required to notify their interest in, or a change of
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
ENQUIRIES:
European Metals Holdings Tel: +61 (0) 419 996
Limited 333
Keith Coughlan, Chief Email: keith@europeanmet.com
Executive Officer Tel: +44 (0) 20 7440
Kiran Morzaria, Non-Executive 0647
Director Tel: +61 (0) 6141 3504
Julia Beckett, Company Email: julia@europeanmet.com
Secretary
Beaumont Cornish (Nomad Tel: +44 (0) 20 7628
& Broker) 3396
Michael Cornish Email: corpfin@b-cornish.co.uk
Roland Cornish
The information contained within this announcement is considered
to be inside information, for the purposes of Article 7 of EU
Regulation 596/2014, prior to its release.
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
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