Alien
Metals
Trading Symbols
AIM: UFO
FWB: I3A1
10 April
2019
Alien Metals
Ltd
(“Alien” or “the Company”)
Conversion of loan
and issue of equity
Alien Metals Ltd, the AIM quoted exploration and development
company, reports today that pursuant to the convertible loan
agreement entered into on 26 February
2019 (“CLA”), the Company has today issued 202,247,000 units
to Gravner Ltd at a price of 0.1
pence each, in full settlement of the subsisting convertible
loan (announced by the Company on 27
February 2019), of £202,247 (being a principal amount of
£200,000 and interest thereon).
Each unit comprises one new Common share of no par value
(“Common Shares”), and one share purchase warrant exercisable at a
price of 0.15 pence until
31 January 2022.
This conversion extinguishes all amounts outstanding under the
CLA. £300,000 remains available, to be drawn down exclusively at
the Company’s discretion, under the terms of the CLA.
Application will be made to the London Stock Exchange plc for
202,247,000 new Common Shares to be admitted to trading on AIM with
admission expected to occur on or around 15
April 2019.
The new Common Shares rank pari passu in all respects
with the existing Common Shares including the right to receive any
dividend or other distribution thereafter declared, made or
paid. There are no Ordinary Shares held in treasury.
Therefore, the total number of voting rights in the Company,
following the issue of 202,247,000 new Common Shares will be
918,389,941.
Following this issuance of shares, Gravner Ltd is interested in
22.02% of the Common Shares of the Company.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
For further information please visit the Company’s website
at www.alienmetals.uk, or
contact:
Alien Metals
Limited
Dennis Edmonds, Executive Chairman
David Taylor, Company Secretary
Tel: +44 (0)20 7887 6599 |
Yellow Jersey PR
Limited
Felicity Winkles/Annabel Atkins
Tel: +44 (0)774 884 3871 |
Beaumont Cornish
Limited (Nomad)
James Biddle/ Roland Cornish
www.beaumontcornish.com
Tel: +44 (0) 207 628 3396 |
First Equity Limited
(Broker)
Jason Robertson
Tel +44 (0)20 7374 2212 |
Notes to Editors
Alien Metals Limited is an AIM quoted mining exploration and
development company. Since the recomposition of the Board and
company name change in 2018, Alien has focused on delivering its
strategy of acquiring mining projects which demonstrate significant
development upside, in jurisdictions with established
infrastructure and mining codes, where strong operational controls
can be assured.
In addition to its acquisition led strategy, the Board has
commenced a strategic review of the Company’s established portfolio
of silver exploration projects in Mexico covering an area of approximately 1,500
hectares, to identify opportunities for their development and/or
monetisation.