Future Metals NL Issue of Equity
02 March 2024 - 1:00AM
RNS Regulatory News
RNS Number : 3135F
Future Metals NL
01 March 2024
1 March 2024
Future Metals
NL
Issue of
Equity
Future Metals NL ("Future Metals" or the "Company", ASX | AIM: FME) announces the issue of
6,674,887 new ordinary shares of no par value each in the Company
("Ordinary Shares") (the
"Deferred Consideration
Shares") to Octava Minerals Limited as deferred
consideration for the final A$200,000 payment due in cash or shares
(at the Company's sole discretion), pursuant to the Farm-in and
Joint Venture Agreement, announced on 17 January 2023 (the
"JV Agreement"). Subject to
the Company meeting the minimum annual
cumulative expenditure, as set out in the announcement of 17
January 2023, Future Metals will earn a 70% interest in both
the Panton North and Copernicus Projects.
Admission to Trading on AIM and
Total Voting Rights
Application has been made to the
London Stock Exchange plc for the admission to trading on AIM of
the 6,674,887 Deferred Consideration Shares ("Admission"). Admission is expected to
take effect and dealings commence at 8.00 a.m. (London time) on or
around 6 March 2024.
Following Admission of the Deferred
Consideration Shares, the number of Ordinary Shares in issue, and
the total voting rights in the Company will be 559,449,538. This
figure may be used by shareholders as the denominator for the
calculations by which they determine whether they are required to
notify their interest in, or a change of their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules
and the provisions of the Company's constitution.
This announcement has been approved
for release by the Board of Future Metals NL.
For
further information, please contact:
Future Metals NL
|
+61 8 9480 0414
|
Jardee Kininmonth
|
info@future-metals.com.au
|
Strand Hanson Limited (Nominated Adviser)
|
+44 (0) 207 409 3494
|
James Harris/James
Bellman
|
|
Panmure Gordon (UK) Limited (UK Broker)
Hugh Rich/Soman Thakran
|
+44 (0) 207 886 2500
|
FlowComms (UK IR/PR)
|
+44 (0) 789 167 7441
|
Sasha Sethi
|
|
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