Kodal Minerals PLC Exercise of warrants and change to TVR (0241Z)
May 18 2021 - 6:51AM
UK Regulatory
TIDMKOD
RNS Number : 0241Z
Kodal Minerals PLC
18 May 2021
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
Kodal Minerals plc
('Kodal Minerals', 'Kodal' or the 'Company')
Exercise of warrants and change to total voting rights
Kodal Minerals, the mineral exploration and development company
focused on the Bougouni Lithium Project and its gold assets in West
Africa, announces that is has received notices of exercise for
warrants ("Warrants") to subscribe for a total of 80,355,664 new
ordinary shares of 0.03125 pence each with one voting right per
share ("New Ordinary Shares").
48,790,008 Warrants were issued in July 2020 with an exercise
price of 0.061 pence per share and 31,565,656 Warrants were issued
in October 2020 with an exercise price of 0.09 pence per share. The
Warrants were issued pursuant to the loan agreement that was
announced on 15 July 2020.
Application has been made for the 80,355,664 New Ordinary Shares
to be admitted to trading on AIM ("Admission") and it is expected
that Admission will occur on or around 21 May 2021.
Upon Admission, the issued share capital of the Company will
consist of ordinary Shares of 0.01325p each. The Company holds no
shares in treasury. The total number of voting rights in the
Company from Admission will therefore be 15,812,719,175 . This
figure may be used by shareholders as the denominator for the
calculations by which they determine if they are required to notify
their interest in or a change to their interest in the Company
under the Disclosure Guidance and Transparency Rules of the UK
Financial Conduct Authority.
For further information, please visit www.kodalminerals.com or
contact the following:
Kodal Minerals plc Tel: +61 418 943 345
Bernard Aylward, CEO
Allenby Capital Limited, Nominated Tel: 020 3328 5656
Adviser
Jeremy Porter/Nick Harriss/Liz
Kirchner
SP Angel Corporate Finance LLP, Tel: 020 3470 0470
Financial Adviser & Broker
John Mackay, Adam Cowl
St Brides Partners Ltd, Financial Tel: 020 7236 1177
PR
Susie Geliher/Cosima Akerman
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END
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