Ferrum Crescent Ltd Issue & Admission Date for Shares (1680S)
December 19 2016 - 1:00AM
UK Regulatory
TIDMFCR
RNS Number : 1680S
Ferrum Crescent Ltd
19 December 2016
19 December 2016
Ferrum Crescent Limited
("Ferrum Crescent", the "Company" or the "Group")(ASX, AIM, JSE:
FCR)
Exercise of Options and Issue of Equity
Update re: Expected issue and Admission Date for Placement
Shares and Option Shares to trading on AIM
Ferrum Crescent, the ASX, AIM and JSE quoted metals project
developer, announces that it is issuing 3,205,088 new ordinary
shares of no par value each in the capital of the Company
("Ordinary Shares") as a result of the exercise of, in aggregate,
3,205,088 options exercisable at a price of 0.165 pence per share
(the "Option Shares"). Such options were granted in connection with
the Company's placing and subscription announced on 27 April
2016.
Application will be made for quotation of the Option Shares on
the Australian Securities Exchange and the JSE Limited, and to the
London Stock Exchange plc for admission to trading on AIM
("Admission"). The Option Shares will be fully paid and will rank
pari passu in all respects with the Company's existing Ordinary
Shares.
Further to the Company's announcement of 12 December 2016
regarding the placing of 275,218,025 new ordinary shares of no par
value each in the capital of the Company (the "Placing Shares") at
a price of 0.2 pence per new ordinary share to raise approximately
GBP550,000 gross, application will also be made for quotation of
the Placing Shares on the Australian Securities Exchange and the
JSE Limited, and to the London Stock Exchange plc for
Admission.
Accordingly, it is now expected that issue and Admission of both
the Placing Shares and the Option Shares will become effective, and
that dealings in both the Placing Shares and the Option Shares will
commence on AIM, at 8.00 a.m. on 22 December 2016.
Following issue and Admission of the Placing Shares and Option
Shares, the total issued ordinary share capital of the Company will
comprise 2,147,825,266 Ordinary Shares.
For further information on the Company, please visit
www.ferrumcrescent.com or contact:
Ferrum Crescent Limited
Justin Tooth, Executive Chairman
Grant Button, Director and Company Secretary
T: +61 8 9474 2995
UK enquiries:
Laurence Read (UK representative)
T: +44 7557 672 432
Strand Hanson Limited (Nominated Adviser)
Rory Murphy/Matthew Chandler
T: +44 (0)20 7409 3494
Beaufort Securities Limited (Broker)
Elliot Hance
T: +44 (0)20 7382 8300
Bravura Capital (Pty) Ltd (JSE Sponsor)
Doné Hattingh
T (direct): +27 11 459 5037
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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