Pathfinder Minerals Plc Issue of Equity (1750Y)
02 December 2017 - 1:07AM
UK Regulatory
TIDMPFP
RNS Number : 1750Y
Pathfinder Minerals Plc
01 December 2017
01 December 2017
This announcement contains inside information
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Issue of Equity
Pathfinder announces that it has raised gross proceeds of
GBP250,000 via a placing of 19,230,770 ordinary shares of 0.1p each
in the Company ("Ordinary Shares") at a price of 1.3p per share
(the "Placing"). The proceeds will provide the Company with
additional working capital as it pursues the recovery of its mining
licences in Mozambique.
The Company will apply for the admission of the Placing shares
to trading on AIM and this is expected to take place on or around
15 December 2017 ("Admission"). Following Admission, the Company's
issued share capital will consist of 227,819,182 Ordinary Shares
with no Ordinary Shares held in treasury. Therefore, the above
figure of 227,819,182 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, Pathfinder under the FCA's Disclosure and Transparency
Rules.
Enquiries:
Pathfinder Minerals Plc
Nick Trew, Chief Executive
Tel. +44 (0)20 3440 7775
WH Ireland Limited (Nomad and Joint Corporate Broker)
James Joyce or Jessica Cave
Tel. +44 (0)20 7220 1666
Beaufort Securities Limited (Joint Corporate Broker)
Jon Belliss or Elliot Hance
Tel. +44 (0)20 7382 8300
Vigo Communications (Public Relations)
Ben Simons or Kate Rogucheva
Tel. +44 (0)20 7830 9700
Email. pathfinderminerals@vigocomms.com
Notes to Editors:
Pathfinder Minerals Plc is incorporated in England and is
admitted to trading on the AIM market of the London Stock
Exchange.
CMdN, a subsidiary of Pathfinder, was issued mining concession
licences 760C and 4623C on 13 September 2004 and 13 July 2011
respectively, each for a period of twenty-five years. Taken
together, these mining concessions cover approximately 32,000
hectares of land on the Indian Ocean coast of the Zambezia province
of Mozambique, known to contain the heavy minerals, ilmenite,
rutile and zircon.
As announced on 3 February 2012, ownership of these licences is
being disputed.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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