Adriatic Metals PLC Issue of Equity (5317C)
11 Febbraio 2020 - 9:00AM
UK Regulatory
TIDMADT1
RNS Number : 5317C
Adriatic Metals PLC
11 February 2020
11 February 2020
Adriatic Metals PLC
("Adriatic Metals" or the "Company")
ISSUE OF EQUITY AND TOTAL VOTING RIGHTS
Adriatic Metals plc (ASX: ADT/ LON: ADT1) ("Adriatic", or the
"Company") advises that on 10 February 2020 it completed the issue
and allotment of 100,000 new Ordinary Shares in the form of Chess
Depository Interests in the capital of the Company in connection
with the exercise of 100,000 unlisted options granted under the
Company's 2018 share option scheme at an exercise price of A$0.40
per share.
Application will be made for the new Ordinary Shares to be
admitted to the standard segment of the Official List of the UK
Financial Conduct Authority, and to trading on the main market of
the London Stock Exchange. Admission is expected on or around 17
February 2020.
Following the allotment of the abovementioned shares, the
Company now has a total of 179,640,987 fully paid Ordinary Shares
in issue.
An Appendix 2A statement has been issued to the Australian
Securities Exchange (ASX) and is available on the Company's
website:
https://www.adriaticmetals.com/investors/asx-announcements/
** ENDS **
Market Abuse Regulation Disclosure
The information contained within this announcement is deemed by
the Company (LEI: 549300OHAH2GL1DP0L61) to constitute inside
information as stipulated under the Market Abuse Regulations (EU)
No. 596/2014. The person responsible for arranging the release of
this announcement on behalf of the Company is Paul Cronin, Managing
Director and CEO.
For further information please visit www.adriaticmetals.com,
@AdriaticMetals on Twitter,
or contact:
Adriatic Metals Plc Tel: +44 (0)20 7993 0066
Paul Cronin / Emma Chetwynd Stapylton
Blytheweigh (IR/PR Contact) Tel: +44 (0)20 7138 3204
Camilla Horsfall / Megan Ray
ABOUT ADRIATIC METALS
Adriatic Metals PLC (ASX:ADT, LON:ADT1) ("Adriatic" or the
"Company") is a dual listed (ASX and LSE) precious and base metals
explorer and developer via its 100% interest in the world class
Vares Project (the "Project") in Bosnia & Herzegovina. The
Project comprises a historic open cut mine at Veovaca and
brownfield exploration at Rupice, an advanced proximal deposit
which exhibits exceptionally high grades of base and precious
metals.
The Company announced the results of a Scoping Study on 19
November 2019 which indicated an NPV(8) of US$917 million and IRR
of 107%, following the release of a Maiden Resource Estimate
earlier the year on 23 July 2019. There have been no material
adverse changes in the assumptions underpinning the forecast
financial information or material assumptions and technical
parameters underpinning the Maiden Resource Estimate since the
original relevant market announcements which continue to apply.
Adriatic has attracted a world class team to both expedite its
exploration efforts to expand the current JORC resource at the
high-grade Rupice deposit and to rapidly advance the Project into
the development phase utilising its first mover advantage and
strategic position in Bosnia.
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.
END
IOETMMATMTJBBFM
(END) Dow Jones Newswires
February 11, 2020 03:00 ET (08:00 GMT)
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