Alien Metals Limited Exercise of Warrants and Issue of Equity (8068I)
August 17 2021 - 1:00AM
UK Regulatory
TIDMUFO
RNS Number : 8068I
Alien Metals Limited
17 August 2021
Trading Symbols
AIM: UFO
FWB: I3A1
17 August 2021
Alien Metals Ltd
("Alien" or "the Company")
EXERCISE OF WARRANTS AND ISSUE OF EQUITY
Alien Metals Limited, a minerals exploration and development
company, is pleased to announce that, following the receipt of
Exercise Notices, it has issued 35,332 ordinary shares of no par
value in the capital of the Company at an issue price of 0.25 pence
per share ("New Ordinary Shares"). The New Ordinary Shares will
rank pari passu with the existing ordinary shares in issue and
application will be made to the London Stock Exchange for 35,332
New Ordinary Shares to be admitted to trading on AIM. Admission of
the New Ordinary Shares is expected to become effective at 08.00 on
or around 20 August 2021.
Following Admission, the Company will have 3,425,152,802
ordinary shares of no par value in issue. The Company has no shares
in treasury, therefore the figure of 3,425,152,802 should be used
by shareholders for the calculations by which they will determine
if they are required to notify their interest in, or a change of
their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
For further information please visit the Company's website at
www.alienmetals.uk, or contact:
Alien Metals Limited
Bill Brodie Good, CEO & Technical Director
(via St-James' Corporate Services, Company Secretary)
Tel: +44 20 7796 8644
Beaumont Cornish Limited (Nomad)
James Biddle / Roland Cornish
www.beaumontcornish.com
Tel: +44 (0) 207 628 3396
Turner Pope Investments (TPI) Limited (Broker)
Andrew Thacker / James Pope
Tel: +44 (0) 20 3657 0050
Yellow Jersey PR (Financial PR)
Sarah Hollins / Joe Burgess / Matthew McHale
alienmetals@yellowjerseypr.com
Tel: +44 (0) 20 3004 9512
Notes to Editors
Alien Metals Ltd is a mining exploration and development company
listed on AIM of the London Stock Exchange (LSE: UFO). The
Company's focus is on precious and base metal commodities, with its
operations located in proven mining jurisdictions and it has
embarked upon an acquisition-led strategy headed by a high-quality
geological team to build a strong portfolio of diversified
assets.
In 2019, the company acquired 51% of the Brockman and Hancock
Ranges high-grade (Direct Shipping Ore) iron ore projects and
increased its holding to 90% in May 2021 while in 2020 acquired
100% of the Elizabeth Hill Silver Project, which consists of the
Elizabeth Hill Historic Silver Mine Mining Lease and the
surrounding Munni Munni North Exploration Tenement. The Australian
projects are located in the world-renowned Pilbara region of
Western Australia.
The Company also holds two silver projects, San Celso and Los
Santos, located in Zacatecas State, Mexico's largest silver
producing state, which produced over 190m oz of silver in 2018
alone, accounting for 45% of the total silver production of Mexico
for that year. The Company holds a Copper Gold project in the same
region, Donovan 2.
The company was also awarded an Exploration Licence in Greenland
in late 2020, which surrounds the world class Citronen Zinc-Lead
deposit.
In addition to progressing and developing its portfolio of
assets and following its strategic review of its portfolio of
silver and precious metals projects, Alien Metals has identified
priority exploration targets within all of its projects which it is
working to advance systematically.
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END
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