TIDMLND

RNS Number : 9534P

Landore Resources Limited

22 February 2021

22 February 2021

Landore Resources Limited

("Landore Resources" or the "Company")

Directors Subscription

Landore Resources Limited (AIM:LND) announced on 16 February 2021 that it had raised gross proceeds of GBP3.5 million through a placing and subscription of 11,666,667 new Ordinary Shares at a price of 30 pence per new Ordinary Share with new and existing investors in the company (the "Fundraising").

As part of the Fundraising, it was announced that certain Directors of the company subscribed for the following number of shares:

 
 Director             Position                  New Ordinary   Shareholding   % Shareholding 
                                           Shares Subscribed      Following        Following 
                                                         For      Admission        Admission 
-------------------  ------------------  -------------------  -------------  --------------- 
                      Chief Executive 
 William Humphries     Officer                       166,667      5,430,856            5.20% 
-------------------  ------------------  -------------------  -------------  --------------- 
 Glenn Featherby      Finance Director               133,333      2,667,279            2.55% 
-------------------  ------------------  -------------------  -------------  --------------- 
                      Non-Executive 
 Helen Green           Director                       33,333        247,640            0.24% 
-------------------  ------------------  -------------------  -------------  --------------- 
 

Admission of the new Ordinary Shares to trading on AIM became effective at 8.00 a.m. on 22 February 2021 ("Admission"). The new Ordinary Shares will rank pari passu with the Existing Ordinary Shares.

-S-

For more information, please contact:

 
 Landore Resources Limited 
 Bill Humphries, Chief Executive        Tel: 07734 681262 
  Officer 
 Glenn Featherby, Finance Director      Tel: 07730 420318 
 
 Cenkos Securities (Nominated Advisor 
  and Broker) 
 Derrick Lee / Peter Lynch              Tel: 0131 220 9100 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Bill Humphries 
     -------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                  Chief Executive Officer 
     -------------------------------  ------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
     -------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                             Landore Resources Limited 
     -------------------------------  ------------------------------------- 
 b)   LEI                              21380019CJ5T1PNY3Q69 
     -------------------------------  ------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv)each place where transactions have been 
       conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the               Ordinary shares of no par value 
       Financial instrument, 
       type of instrument 
     -------------------------------  ------------------------------------- 
      Identification code              GG00BMX4VR69 
     -------------------------------  ------------------------------------- 
 b)   Nature of the Transaction        Purchase of ordinary shares 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)           166,667 shares at 30p 
     -------------------------------  ------------------------------------- 
 d)   Aggregated information           GBP50,000.10 
       Aggregated volume Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          16 February 2021 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM (LON:LND) 
     -------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Glenn Featherby 
     -------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                  Finance Director 
     -------------------------------  ------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
     -------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                             Landore Resources Limited 
     -------------------------------  ------------------------------------- 
 b)   LEI                              21380019CJ5T1PNY3Q69 
     -------------------------------  ------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv)each place where transactions have been 
       conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the               Ordinary shares of no par value 
       Financial instrument, 
       type of instrument 
     -------------------------------  ------------------------------------- 
      Identification code              GG00BMX4VR69 
     -------------------------------  ------------------------------------- 
 b)   Nature of the Transaction        Purchase of ordinary shares 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)           133,333 shares at 30p 
     -------------------------------  ------------------------------------- 
 d)   Aggregated information           GBP39,999.90 
       Aggregated volume Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          16 February 2021 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM (LON:LND) 
     -------------------------------  ------------------------------------- 
 
 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                             Helen Green 
     -------------------------------  ------------------------------------- 
 2.   Reason for the Notification 
     ---------------------------------------------------------------------- 
 a)   Position/status                  Non-Executive Director 
     -------------------------------  ------------------------------------- 
 b)   Initial notification/amendment   Initial notification 
     -------------------------------  ------------------------------------- 
 3.   Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     ---------------------------------------------------------------------- 
 a)   Name                             Landore Resources Limited 
     -------------------------------  ------------------------------------- 
 b)   LEI                              21380019CJ5T1PNY3Q69 
     -------------------------------  ------------------------------------- 
 4.   Details of the transaction(s):section to be repeated for (i) 
       each type of instrument; (ii) each type of transaction; (iii) 
       each date; and (iv)each place where transactions have been 
       conducted 
     ---------------------------------------------------------------------- 
 a)   Description of the               Ordinary shares of no par value 
       Financial instrument, 
       type of instrument 
     -------------------------------  ------------------------------------- 
      Identification code              GG00BMX4VR69 
     -------------------------------  ------------------------------------- 
 b)   Nature of the Transaction        Purchase of ordinary shares 
     -------------------------------  ------------------------------------- 
 c)   Price(s) and volume(s)           33,333 shares at 30p 
     -------------------------------  ------------------------------------- 
 d)   Aggregated information           GBP9,999.90 
       Aggregated volume Price 
     -------------------------------  ------------------------------------- 
 e)   Date of the transaction          16 February 2021 
     -------------------------------  ------------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM (LON:LND) 
     -------------------------------  ------------------------------------- 
 
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END

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February 22, 2021 12:24 ET (17:24 GMT)

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