Oriole Resources PLC Results of General Meeting & Total Voting Rights (3477D)
October 27 2020 - 5:30AM
UK Regulatory
TIDMORR
RNS Number : 3477D
Oriole Resources PLC
27 October 2020
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
RESULT OF GENERAL MEETING
AND
TOTAL VOTING RIGHTS
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration
company focussed on West Africa, is pleased to announce that all of
the resolutions that were put to shareholders at the General
Meeting held today were duly passed. The Company will now proceed
with the issue of 463,402,941 ordinary shares in the Company
('Ordinary Shares') in respect of the placing and 86,117,647
Ordinary Shares in respect of the Minexia offer (announcements
dated 7 October 2020) in order to raise GBP1.87 million before
expenses.
Application has been made for 549,520,588 new Ordinary Shares to
be admitted to trading on AIM ('Admission') which is expected to
occur on or around 8.00 a.m. on 29 October 2020. Following
Admission, the total number of Ordinary Shares in issue will be
1,461,155,197 with voting rights. This figure of 1,461,155,197
Ordinary Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change in their
interest in, the share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
** ENDS **
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014. Following the
publication of this announcement, this inside information is now
considered to be in the public domain.
For further information please visit www.orioleresources.com , @OrioleResources on Twitter,
or contact:
Oriole Resources Plc Tel: +44 (0)20 7830 9650
Tim Livesey / Bob Smeeton / Claire
Bay
Blytheweigh (IR/PR Contact) Tel: +44 (0)20 7138 3204
Tim Blythe / Megan Ray / Rachael Brooks
Grant Thornton UK LLP Tel: +44 (0)20 7383 5100
Samantha Harrison
Shard Capital Partners LLP Tel: +44 (0)20 186 9900
Damon Heath / Erik Woolgar / Isabelle
Pierre
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company,
operating in West Africa. It is focused on early-stage exploration
in Cameroon (Bibemi and Wapouzé projects) and the more advanced
Senala gold project in Senegal, where IAMGOLD has the option to
spend US$8m to earn a 70% interest. Year two commitments have been
met at all three projects. The Company has several interests and
royalties in companies operating throughout Africa and Turkey that
could deliver future cash flow, and it continues to assess new
opportunities in both regions.
.
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END
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