Alba Mineral Resources PLC Exercise of Share Warrants (1642U)
14 January 2017 - 1:31AM
UK Regulatory
TIDMALBA
RNS Number : 1642U
Alba Mineral Resources PLC
13 January 2017
Alba Mineral Resources plc
("Alba" or the "Company")
Exercise of Share Warrants
Alba Mineral Resources plc (AIM: ALBA) is pleased to announce
that it has received notices to exercise share warrants from a
number of warrant holders holding warrants with an exercise price
of 0.3p per share. The total number of share warrants exercised was
51,143,650 for total proceeds to the Company of GBP153,430.95.
Admission to AIM
Application will be made for the new ordinary shares from the
exercise of these share warrants to be admitted to trading on AIM
("Admission"). It is expected that Admission will become effective
at 8.00 a.m. on 19 January 2017. The new ordinary shares will be
issued credited as fully paid and will rank in full for all
dividends and other distributions declared, made or paid after
Admission and will otherwise rank on Admission pari passu in all
respects with the existing ordinary shares.
Total Voting Rights
Following Admission, the total number of ordinary shares in
issue will be 1,868,215,250. The Company does not hold any ordinary
shares in treasury. Therefore, the total number of ordinary shares
with voting rights will be 1,868,215,250. This figure 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, the
share capital of the Company under the Financial Conduct
Authority's Disclosure and Transparency Rules.
For further information please contact:
Alba Mineral Resources
plc
Michael Nott, CEO +44 20 7264 4366
Cairn Financial Advisers
LLP
James Caithie / Liam Murray +44 20 7213 0880
Dowgate Capital Stockbrokers
Limited
Jason Robertson / Neil
Badger +44 1293 517744
About Alba
Alba holds a 15 per cent interest in Horse Hill Developments
Limited, the company which has a 65 per cent participating interest
and operatorship of the Horse Hill oil and gas project (licences
PEDL 137 and PEDL 246) in the UK Weald Basin. Alba is also earning
a 5% interest in Production Licence 235, which comprises the
producing onshore Brockham Oil Field.
Alba has earned the right to a 49 per cent interest in the
Amitsoq Graphite Project in Southern Greenland and has agreed to
acquire a further 41 per cent interest in the Project, subject to
Greenlandic regulatory approvals.
In addition, the Company has recently renewed its Limerick base
metal licence in the Republic of Ireland. The Company has applied
for the reissue of a uranium permit in northern Mauritania. The new
Mauritanian permit will be on a reduced area, and is centred on
known uranium-bearing showings.
Alba continues actively to review and discuss numerous other
project opportunities which have value-enhancing potential for the
Company whether by acquisition, farm in or joint venture in a range
of jurisdictions around the world.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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