Oriole Resources PLC Exercise of Warrants/Options & Total Voting Rights (6523P)
19 February 2021 - 6:00PM
UK Regulatory
TIDMORR
RNS Number : 6523P
Oriole Resources PLC
19 February 2021
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Exercise of Warrants and Options and Total Voting Rights
Oriole Resources PLC (AIM: ORR) , the AIM-quoted exploration
company focussed on West Africa announces that, following an
exercise of warrants and options over ordinary shares in the
Company (the 'Exercise'), application has been made for 7,293,479
new ordinary shares of 0.1p each ('Ordinary Shares') in the Company
to be admitted to trading on AIM on 24 February 2021 ('Admission').
The exercise prices of the warrants and options are as set out
below:
Instrument Exercise Price Number of New Ordinary Shares
(pence) to be admitted
Warrants 0.68 6,762,500
--------------- ------------------------------
Warrants 0.60 364,312
--------------- ------------------------------
Options 0.37 166,667
--------------- ------------------------------
The new Ordinary Shares will rank pari passu with the Company's
existing Ordinary Shares.
Following Admission, a total of 232,405,020 warrants and
82,309,579 options over Ordinary Shares (representing approximately
20.3 per cent. of the Company's enlarged issued share capital)
remain outstanding.
Total Voting Rights
Following Admission, the Company's issued share capital will be
1,552,863,789 Ordinary Shares. This figure of 1,552,863,789 may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018.
Following the publication of this announcement, this inside
information is now considered to be in the public domain.
** ENDS **
For further information please visit www.orioleresources.com ,
@OrioleResources on Twitter, or contact:
Oriole Resources PLC Tel: +44 (0)20 7830
Bob Smeeton / Tim Livesey / Claire 9650
Bay
Blytheweigh (IR/PR contact) Tel: +44 (0)20 7138
Tim Blythe / Megan Ray / Rachael Brooks 3204
Grant Thornton UK LLP Tel: +44 (0)20 7383
Samantha Harrison / Seamus Fricker 5100
/ George Grainger
Shard Capital Partners LLP Tel: +44 (0)20 186
Damon Heath / Erik Woolgar / Isabella 9900
Pierre
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company,
operating West Africa. It is focused on early-stage exploration in
Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala
gold project in Senegal, where IAMGOLD has the option to spend US$8
million to earn a 70% interest. Year two commitments have been met
at all three projects. The Company has several interests and
royalties in companies operating throughout Africa and Turkey that
could deliver future cash flow, and it continues to assess new
opportunities in both regions.
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END
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