TORONTO, April 30, 2013 /CNW/ - Patagonia Gold Plc
(TSX: PAT, AIM: PGD) today announced that, following the exercise
of share options, application has been made for the admission of
900,000 ordinary shares of one pence
each in the Company ("New Ordinary Shares") to trading on AIM.
The New Ordinary Shares will rank pari passu with
existing ordinary shares and will represent 0.105 per cent of the
Company's issued ordinary share capital. It is expected that
admission will occur at 8 am on
May 7, 2013.
Following admission of the New Ordinary Shares, the total number
of voting rights in the Company's ordinary shares will be
855,477,565. Patagonia Gold does not hold any ordinary shares in
treasury.
The aforementioned figure of 855,477,565 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 to their interest in,
Patagonia Gold under the Financial Conduct Authority's Disclosure
and Transparency Rules.
About Patagonia Gold
Patagonia Gold Plc is a mining company that
seeks to grow shareholder value through exploration, development
and production of gold and silver projects in the southern
Patagonia region of Argentina. The
Company is primarily focused on three projects: the flagship
Cap-Oeste project, the nearby COSE project and the Lomada heap
leach project, which is generating free cash flow. Patagonia Gold,
indirectly through its subsidiaries or under option agreements, has
mineral rights to over 220 properties in several provinces of
Argentina and Chile, and is one of the largest landholders
in the province of Santa Cruz.
Patagonia Gold is listed on the AIM market of
the London Stock Exchange under the symbol PGD and on the Toronto
Stock Exchange (TSX) under the symbol PAT.
SOURCE Patagonia Gold plc