Altona Rare Earths PLC Issue of Equity (3603U)
22 Novembre 2023 - 2:34PM
UK Regulatory
TIDMREE
RNS Number : 3603U
Altona Rare Earths PLC
22 November 2023
22 November 2023
ALTONA RARE EARTHS PLC
("Altona" or "the Company")
Issue of Equity
Altona (LSE: REE), a resource exploration and development
company focused on Rare Earths in Africa, announces that it has
issued new ordinary shares to its partner in Mozambique and to a
convertible loan note holder for payment of interest expense.
Payment to Monte Muambe Mining Lda original shareholders
In line with the 23 June 2021 Farm-Out agreement, the Company
has today issued 1 million shares at a nominal value of GBP0.01, to
the three original shareholders of Monte Muambe Mining Lda, having
sent the Phase 2 Completion Notice for its Monte Muambe rare earths
project. Altona has also made a cash payment of GBP40,000 as per
the agreement.
Payments to Convertible Loan Holders
Additionally, on 22 November 2023 the Company issued 8,935
ordinary shares of GBP0.01 each, in lieu of an interest payment of
GBP375.
Admission and Total Voting Rights
Application is being made for the new ordinary shares to be
admitted to trading on the Main Market of the London Stock Exchange
which is expected to be on or around 28 November 2023. Following
this issue of 1,008,935 shares, which will rank pari passu with the
Company's existing ordinary shares, the Company's enlarged share
capital and total voting rights in the Company will comprise
84,445,734. The Company has no shares held in Treasury. This figure
of 84,445,734 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-
To subscribe for RNS alerts, please visit :
https://www.altonaRE.com/investors/regulatory-news-alerts/
Altona Rare Earths Plc
Cedric Simonet, CEO +44 (0) 7778 866 108
Christian Taylor-Wilkinson, Business Development +44 (0) 7795
168 157
Novum Securities Ltd (Corporate Finance) +44 (0) 20 7399
9400
David Coffman
Daniel Harris
George Duxberry
Allenby Capital Ltd (Joint Broker) +44 (0)20 3328 5656
Kelly Gardiner / Guy McDougall (Sales)
Nick Athanas (Corporate Finance)
Optiva Securities (Joint Broker) +44 (0) 20 3411 1882
Daniel Ingram
Yellow Jersey PR (Financial PR) +44 (0) 20 3004 9512
Sarah Hollins
Annabelle Wills
Soraya Jackson
About Altona Rare Earths Plc
Altona is a resource exploration and development company focused
on Rare Earths in Africa. The Company is listed on the Main Market
of the London Stock Exchange.
Rare Earths are a group of 17 chemical elements, many of which
are critical to the W orld's on-going transition from carbon-based
to renewable energies, and to the defence and communication
sectors.
The Company currently focuses on the development of Monte
Muambe, its flagship Magnet Rare Earths Project, located in
Northwest Mozambique. The Project was acquired in June 2021, and
the Company has so far drilled over 7,800m, and defined a maiden
JORC Mineral Resource Estimate of 13.6 million tons at 2.42%
TREO.
A Competent Person Report including the Scoping Study for Monte
Muambe was published on 18 October 2023 and can be read here:
https://www.altonare.com/investors/reports/
Altona continues to take advantage of its position in Africa to
assess other possible Rare Earths opportunities on the
Continent.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEFEFFDEEDSEDF
(END) Dow Jones Newswires
November 22, 2023 08:34 ET (13:34 GMT)
Grafico Azioni Altona Rare Earths (LSE:REE)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Altona Rare Earths (LSE:REE)
Storico
Da Giu 2023 a Giu 2024