Tertiary Minerals PLC Exercise of Conversion Rights (3959D)
19 Febbraio 2020 - 8:00AM
UK Regulatory
TIDMTYM
RNS Number : 3959D
Tertiary Minerals PLC
19 February 2020
19 February 2020
Tertiary Minerals plc ("Tertiary Minerals plc" or the
"Company")
Issue and Allotment of Ordinary Shares following Exercise of
Conversion Rights
The Company hereby announces that it received notice of exercise
from Bergen Global Opportunity Fund, LP (the "Investor") on 18
February 2020 in respect of the convertible security of GBP263,000
previously issued on 26 November 2019 at a conversion price of
0.17p, the details of which were announced to the market on 20
November 2019 pursuant to which 154,705,883 ordinary shares (the
"Relevant Shares") fall to be issued. Application will be made for
the Relevant Shares to be admitted to trading on AIM with admission
expected to take place on 25 February 2020. The Relevant Shares
will rank pari passu in all respects with all existing ordinary
shares in the Company.
Following admission of the Relevant Shares, the Company's
enlarged issued share capital will comprise 633,433,448 ordinary
shares with voting rights. This figure of 633,433,448 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.
As per announcement made on 20 November 2019, the Investor has
agreed to certain, substantial, limitations on its ability to
dispose of the Shares following a conversion of the Convertible
Securities. The Investor is also contractually precluded from
shorting the Company's shares.
For more information please contact:
Tertiary Minerals plc:
Richard Clemmey, Managing Director +44 (0) 1625 838 679
---------------------
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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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.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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