AfriTin Mining Ltd Exercise of Share Options (4642C)
23 February 2022 - 2:02AM
UK Regulatory
TIDMATM
RNS Number : 4642C
AfriTin Mining Ltd
22 February 2022
22 February 2022
AfriTin Mining Limited
("AfriTin" or the "Company")
Exercise of Share Options
AfriTin has received notice from a share option holder to
exercise 2,336,842 share options at an exercise price of 3p,
1,468,421 share options at an exercise price of 3.5p and 1,468,421
share options at an exercise price of 4p; and accordingly the
Company has today issued 5,273,684 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 28 February 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 1,121,841,684 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 1,121,841,684 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
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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END
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