AfriTin Mining Ltd Exercise of Warrants (2144D)
29 January 2018 - 10:58PM
UK Regulatory
TIDMATM
RNS Number : 2144D
AfriTin Mining Ltd
29 January 2018
AfriTin Mining Limited
("AfriTin" or the "Company")
Exercise of Warrants
AfriTin has received notice from Bushveld Minerals Limited
("Bushveld") that a warrant holder has exercised its warrants over
Bushveld warrants. In accordance with the terms of the Demerger
Agreement between Bushveld and AfriTin dated 8 November 2017, the
warrant holder is also entitled at the time of exercise to exercise
the same number of warrants in AfriTin, for nil consideration,
subject to the demerger ratio of 0.0899. Accordingly, the warrant
holder is now entitled to 15,789 Ordinary Shares ("New Ordinary
Shares") in AfriTin.
Application has been made to admit the New Ordinary Shares to
trading on AIM and it is anticipated that the application will be
effected and dealings will commence on 2 February 2018.
Following the issue of the shares, the total number of shares in
issue on Admission will be 297,482,025 Ordinary Shares of no par
value. There are no Shares held in treasury. This total voting
rights figure may be used by shareholders as the denominator for
the calculations by which they will determine whether they are
required to notify their interests in, or a change to their
interest in, AfriTin under the Disclosure and Transparency
Rules.
Enquiries:
AfriTin Limited
Anthony Vijoen (CEO) +27 (11) 268 6555
Nominated Adviser and Broker
WH Ireland Limited
Katy Mitchell
Adrian Hadden +44 (0) 207 220 1666
James Sinclair-Ford
Joint Broker
Beaufort Securities Limited
Jon Belliss +44 (0) 207 382 8300
Financial Public Relations
Tavistock
Jos Simson / Barney Hayward +44 (0) 207 920 3150
This information is provided by RNS
The company news service from the London Stock Exchange
END
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