Tertiary Minerals PLC Issue of Equity (2176L)
29 Aprile 2020 - 8:00AM
UK Regulatory
TIDMTYM
RNS Number : 2176L
Tertiary Minerals PLC
29 April 2020
29 April 2020
Tertiary Minerals plc ("Tertiary Minerals plc" or the
"Company")
Issue of Equity
The Company announces that Precious Metal Capital Group LLC
("PMCG"), the subscriber under the share subscription deed, details
of which were announced on 2 April 2020, has requested that the
Company issue 33,333,334 ordinary shares (the "Shares") to PMCG.
The purchase price of the Shares (being GBP60,000) had been prepaid
by PMCG as part of its lumpsum investment of GBP600,000 in the
Company, announced on 2 April 2020 and made by PMCG on 7 April
2020. Shares in relation to GBP540,000 of that investment remain to
be issued.
Application has therefore been made for the 33,333,334 ordinary
shares to be admitted to trading on AIM with admission expected to
take place on 4 May 2020. These ordinary shares will rank pari
passu in all respects with all existing ordinary shares in the
Company.
Following admission of the Shares, the Company's enlarged issued
share capital will
comprise 767,169,426 ordinary shares with voting rights. This
figure of 767,169,426 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 Disclosure Rules and
Transparency Rules of the United
Kingdom Financial Conduct Authority.
For more information please contact:
Tertiary Minerals plc:
Richard Clemmey, Managing Director +44 (0) 1625 838 679
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Patrick Cheetham, Chairman
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SP Angel Corporate Finance LLP
Nominated Adviser and Broker
Richard Morrison +44 (0) 203 470 0470
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Caroline Rowe
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Peterhouse Capital Limited
Joint Broker
Lucy Williams + 44 (0) 207 469 0930
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Duncan Vasey
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About Tertiary Minerals plc
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded
mineral exploration company building and developing a
multi-commodity project portfolio - Industrial minerals, base and
precious metals.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
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END
IOEKKFBNPBKDPQB
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