TIDMALBA

RNS Number : 7065B

Alba Mineral Resources PLC

12 October 2020

Alba Mineral Resources plc

(" Alba " or the " Company ")

Alba Terminates Bergen Investment Facility

Alba Mineral Resources plc (AIM: ALBA) announces that it has terminated the convertible securities issuance deed (the "Agreement") with a U.S.-based institutional investment fund managed by Bergen Asset Management, LLC (the "Investor"), first announced on 24 February 2020, which provided funding in the form of the issuance by Alba of unsecured zero coupon convertible securities (the "Convertible Securities").

As such, Alba will be issuing no further Convertible Securities under the Agreement and the Investor will be providing no further funding and receiving no further Alba shares under the terminated investment facility.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

For further information, please contact:

 
 Alba Mineral Resources plc 
  George Frangeskides, Executive Chairman    +44 20 3907 4297 
 
 Cairn Financial Advisers LLP ( Nomad 
  ) 
  James Caithie / Liam Murray                +44 20 7213 0880 
 
 ETX Capital Limited (Broker) 
  Thomas Smith                               +44 20 7392 1494

Alba's Project and Investment Portfolio

 
 Project (commodity)            Location     Ownership 
 Mining Projects 
 Amitsoq (graphite)             Greenland    90% 
                               -----------  ---------- 
 Clogau (gold)                  Wales        90% 
                               -----------  ---------- 
 Inglefield (copper, cobalt, 
  gold)                         Greenland    100% 
                               -----------  ---------- 
 Limerick (zinc-lead)           Ireland      100% 
                               -----------  ---------- 
 Melville Bay (iron ore)        Greenland    51% 
                               -----------  ---------- 
 TBS (ilmenite)                 Greenland    100% 
                               -----------  ---------- 
 Oil & Gas Investments 
 Brockham (oil)                 England      5% 
                               -----------  ---------- 
 Horse Hill (oil)               England      11.765% 
                               -----------  ----------

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October 12, 2020 02:00 ET (06:00 GMT)

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