Oriole Resources PLC Exercise of Warrants and Total Voting Rights (6782A)
24 Gennaio 2024 - 8:00AM
UK Regulatory
TIDMORR
RNS Number : 6782A
Oriole Resources PLC
24 January 2024
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Exercise of Warrants and Total Voting Rights
Oriole Resources PLC (AIM: ORR) , the AIM-quoted exploration
company focussed on West Africa announces that, following an
exercise of warrants over ordinary shares in the Company (the
"Exercise"), application has been made for 13,888,888 new ordinary
shares of 0.1p each ("Ordinary Shares") in the Company to be
admitted to trading on AIM on 29 January 2024 ("Admission"). The
exercise price of the warrants is as set out below:
Instrument Exercise Price Number of New Ordinary Shares
(pence) to be admitted
Warrants 0.25 13,888,888
--------------- ------------------------------
The new Ordinary Shares will rank pari passu with the Company's
existing Ordinary Shares.
Following Admission, a total of 157,555,555 warrants and
264,526,245 options over Ordinary Shares (representing
approximately 10.8 per cent. of the Company's enlarged issued share
capital) remain outstanding.
Total Voting Rights
Following Admission, the Company's issued share capital will be
3,895,872,338 Ordinary Shares. This figure of 3,895,872,338 may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.
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.
** ENDS **
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
BlytheRay (IR/PR Contact) Tel: +44 (0)20 7138 3204
Tim Blythe / Megan Ray
Grant Thornton UK LLP Tel: +44 (0)20 7383 5100
Samantha Harrison / Ciara Donnelly
SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470
Ewan Leggat / Harry Davies-Ball
Notes to Editors:
Oriole Resources PLC is an AIM-listed gold exploration company,
operating in West Africa. It is focussed on early-stage exploration
in Cameroon, where the Company has reported a Resource of 375,000
oz Au at 2.30g/t in the JORC Inferred category at its 82.2%-owned
Bibemi project and has identified multi-kilometre gold and lithium
anomalism within the district-scale Central Licence Package
project. BCM International is currently earning up to a 50%
interest in the Bibemi and Mbe projects in return for a combined
investment of US$1.5m in signature payments (US$550,000 of which
has already been received), up to US$8m in exploration expenditure,
as well as JORC resource-based success payments.
At the more advanced Senala gold project in Senegal, AGEM
Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of
Managem Group, has earned an initial 51% beneficial interest in the
Senala Exploration Licence by spending US$4 million and has the
option to spend up to a further US$4 million by 17 February 2024 to
earn an additional 19% interest in the licence. The Company also
has several interests and royalties in companies operating in East
Africa and Turkey that could deliver future cash flow.
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END
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