Sula Iron & Gold PLC Grant of Warrants (4356W)
27 April 2016 - 4:01PM
UK Regulatory
TIDMSULA
RNS Number : 4356W
Sula Iron & Gold PLC
27 April 2016
27 April 2016
Sula Iron & Gold PLC
("Sula" or the "Company")
Grant of Warrants
Sula (AIM: Sula), a multi-commodity exploration company focused
on Sierra Leone, announces that yesterday it entered into an
agreement with Mr Howard Baker, a Non-Executive Director of the
Company, granting Mr Baker warrants to subscribe for 15,000,000
ordinary shares of 0.1 pence each in the capital of Company
("Ordinary Shares") at an exercise price of 0.45 pence per Ordinary
Share (the "Warrants"). The Warrants may be exercised immediately
and will be valid for a period of 5 years from the date of
grant.
Following the issue of the Warrants, Mr Baker is interested in
warrants to subscribe for, in aggregate, 17,833,333 Ordinary Shares
in the Company. In addition, Mr Baker is interested in 6,791,666
Ordinary Shares, representing approximately 0.75 per cent. of the
Company's issued ordinary share capital.
**ENDS**
For further information please visit www.sulaironandgold.com or
contact the following:
Sula Iron & Gold plc +44 (0) 20
Nick Warrell / Matt Wood 7583 8304
Strand Hanson Limited (Financial
and Nominated Adviser)
James Harris / Matthew Chandler +44 (0) 20
/ James Dance 7409 3494
VSA Capital Limited (Broker) +44 (0) 20
Andrew Raca 3005 5000
Yellow Jersey PR (Financial PR) +44 (0) 7768
Dominic Barretto / Harriet Jackson 537 739
Notes:
Sula Iron & Gold plc is a multi-commodity exploration
company focused in West Africa. The Company's main objective is to
explore and advance its 153 sq. km. Ferensola Project in Northern
Sierra Leone, which is highly prospective for coltan, gold and iron
ore. In December 2014, the Company achieved a corporate milestone
in delivering its JORC MRE for the BIF 1 iron ore project in which
a total resource of 514.5Mt @ 31.8% Fe was identified and total
oxide resource of 55.5Mt @ 45.26% Fe.
This information is provided by RNS
The company news service from the London Stock Exchange
END
DSHGMGZDMVRGVZZ
(END) Dow Jones Newswires
April 27, 2016 02:01 ET (06:01 GMT)
Power Metal Resources (LSE:POW)
Historical Stock Chart
From Apr 2024 to May 2024
Power Metal Resources (LSE:POW)
Historical Stock Chart
From May 2023 to May 2024