Landore Resources Limited Exercise of Warrants and Issue of Equity (4970E)
06 Novembre 2020 - 07:40PM
UK Regulatory
TIDMLND
RNS Number : 4970E
Landore Resources Limited
06 November 2020
6 November 2020
Landore Resources Limited
("Landore Resources" or the "Company")
Exercise of Warrants and Issue of Equity
Landore Resources Limited (AIM:LND) announces that it has
received a notice to exercise warrants over a total of 533,223
Ordinary Shares ("Ordinary Shares") at an exercise price of 20
pence per Ordinary Share (the "Warrant Shares"), for which funds of
GBP106,644.60 have been received by the Company. The exercised
warrants were issued as part of the fundraising announced on 29
June 2020.
Application will be made for the admission of the Warrant Shares
to trading on AIM ("Admission"). The Consideration Shares will rank
pari passu with the existing Ordinary Shares and it expected that
Admission will become effective at 8.00 a.m. on 12 November
2020.
Following Admission, the Company's issued share capital will
consist of 90,714,791 Ordinary Shares with voting rights. Landore
Resources does not hold any Ordinary Shares in treasury. This
figure of 90,714,791 may be used by shareholders in the Company as
the denominator for the calculations by which they will determine
if they require to notify their interest in, or a change to their
interest in, the share capital of the Company under the UK
Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.
-ENDS-
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
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END
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