AfriTin Mining Ltd Issue of Shares (7176Z)
25 May 2021 - 05:25PM
UK Regulatory
TIDMATM
RNS Number : 7176Z
AfriTin Mining Ltd
25 May 2021
25 May 2021
AfriTin Mining Limited
("AfriTin" or the "Company")
Issue of Shares
The AfriTin Board has approved the issue of 327,868 Ordinary
shares of no-par value (the "New Ordinary Shares") to Hannam &
Partners Advisory Limited, in accordance with the terms of their
broker engagement letter with the Company.
The New Ordinary Shares are being issued at a price of 6
pence.
Application for Admission
An application has been made for the New Ordinary Shares to be
admitted to trading on AIM ("Admission"). Dealings in the New
Ordinary Shares are expected to commence on or around 28 May
2021.
Disclosure and Transparency Rules
In accordance with the provisions of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, following the issue of the Conversion Shares its
issued share capital will, upon Admission comprise 1,112,334,912
Ordinary Shares of no-par value (the "Enlarged Share Capital"). All
of these Ordinary Shares have equal voting rights and none of the
Ordinary Shares are held in treasury. The total number of voting
rights in the Company will therefore be 1,112,334,912 upon
Admission. 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, the Company under the
Disclosure and Transparency Rules.
For further information, please visit www.afritinmining.com or
contact:
AfriTin Mining Limited
Anthony Viljoen, CEO +27 (11) 268 6555
Nominated Adviser
WH Ireland Limited
Katy Mitchell
James Sinclair-Ford +44 (0) 207 220 1666
Corporate Advisor and Joint Broker
Hannam & Partners
Andrew Chubb
Jay Ashfield
Nilesh Patel +44 (0) 20 7907 8500
Joint Broker
Turner Pope Investments
Andy Thacker +44 (0) 203 657 0050
Financial PR (United Kingdom)
Tavistock
Jos Simson
Emily Moss +44 (0) 207 920 3150
Oliver Lamb +44 (0) 778 855 4035
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
About AfriTin Mining Limited
AfriTin Mining Limited is the first pure tin mining company
listed in London. Its vision is to create a portfolio of globally
significant, conflict-free, tin-producing assets. The Company's
flagship asset is the Uis Tin Mine in Namibia, formerly the world's
largest hard-rock opencast tin mine.
AfriTin is managed by an experienced board of directors and
management team with a current two-fold strategy: fast-track Uis
Tin Mine in Namibia to commercial production as Phase 1, ramping up
to 5,000 tonnes of concentrate in a Phase 2 expansion. The Company
strives to capitalise on the solid supply/demand fundamentals of
tin by developing a critical mass of tin resource inventory,
achieving production in the near term and further scaling
production by consolidating tin assets in Africa.
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END
IOEFIFERERIEFIL
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