TIDMATM

RNS Number : 5351Y

AfriTin Mining Ltd

14 January 2022

14 January 2022

AfriTin Mining Limited

("AfriTin" or the "Company")

Exercise of Share Options

AfriTin has received notice from share option holders to exercise 1,300,877 share options at an exercise price of 3p, 467,105 share options at an exercise price of 3.5p and 417,105 share options at an exercise price of 4p; and accordingly the Company has today issued 2,185,087 Ordinary Shares (the "Option Shares") to satisfy these exercises.

Application has been made to admit the Option Shares to trading on AIM and it is anticipated that the application will be effected and dealings will commence on 20 January 2022 ("Admission").

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, upon Admission its issued share capital will comprise 1,115,318,000 Ordinary Shares of no-par value upon Admission (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 1,115,318,000 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 DTRs.

 
 AfriTin Mining Limited                +27 (11) 268 6555 
 Anthony Viljoen, CEO 
 Nominated Adviser                     +44 (0) 20 7220 1666 
 WH Ireland Limited 
  Katy Mitchell 
  Andrew de Andrade 
 Corporate Advisor and Joint Broker 
 H&P Advisory Limited 
  Andrew Chubb 
  Jay Ashfield 
  Nilesh Patel                         +44 (0) 20 7907 8500 
 Stifel Nicolaus Europe Limited 
  Ashton Clanfield 
  Callum Stewart                       +44 (0) 20 7710 7600 
 Tavistock Financial PR (United 
  Kingdom)                             +44 (0) 20 7920 3150 
 Jos Simson 
  Nick Elwes 
  Oliver Lamb 
 

About AfriTin Mining Limited

Notes to Editors

AfriTin Mining Limited is a London-listed tech-metals mining company with a vision to create a portfolio of globally significant, conflict-free, producing assets. The Company's flagship asset is the Uis Tin Mine in Namibia, formerly the world's largest hard-rock open cast tin mine.

AfriTin is managed by an experienced board of directors and management team with a current strategy to ramp-up production at the Uis Tin Mine in Namibia to 10,000 tonnes of tin concentrate and 350,000 tonnes of lithium concentrate in a Phase 2 expansion, having reached Phase 1 commercial production in 2020. The Company strives to capitalise on the solid supply/demand fundamentals of tin and lithium by developing a critical mass of resource inventory, achieving production in the near term and further scaling production by consolidating tech-metal assets in Africa.

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January 14, 2022 10:57 ET (15:57 GMT)

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