TORONTO,
March 5, 2013 /CNW/ - Patagonia
Gold Plc (TSX: PAT, AIM: PGD) today announced that, following
the exercise of share options, application has been made for the
admission of 500,000 ordinary shares of one
pence each in the Company ("New Ordinary Shares") to trading
on AIM. The New Ordinary Shares will rank pari passu with
existing ordinary shares and will represent 0.059 per cent of the
Company's issued ordinary share capital. It is expected that
admission will occur at 8 am on
March 12, 2013.
Following admission of the New Ordinary Shares, the total number
of voting rights in the Company's ordinary shares will be
854,327,565. Patagonia Gold does not hold any ordinary shares in
treasury.
The aforementioned figure of 854,327,565 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 to their interest in,
Patagonia Gold under the Financial Service Authority's Disclosure
and Transparency Rules.
About Patagonia Gold
Patagonia Gold Plc is a mining company that
seeks to grow shareholder value through exploration, development
and production of gold and silver projects in the southern
Patagonia region of Argentina. The
Company is primarily focused on three projects: the flagship
Cap-Oeste project, the nearby COSE project and the Lomada heap
leach project, which is generating free cash flow. Patagonia Gold,
indirectly through its subsidiaries or under option agreements, has
mineral rights to over 220 properties in several provinces of
Argentina and Chile, and is one of the largest landholders
in the province of Santa Cruz.
Patagonia Gold is listed on the Toronto Stock
Exchange (TSX) under the symbol PAT and has been listed on the AIM
market of the London Stock Exchange under the symbol PGD since
2003.
SOURCE Patagonia Gold plc
