SMA Sovereign Mne

TIDMSMA

RNS Number : 9231E

Sovereign Mines of Africa PLC

22 July 2016

22 July 2016

Sovereign Mines of Africa PLC

("SMA" or "the Company")

Issue of Warrants

Sovereign Mines of Africa Plc announces that it has granted a total of 22,000,000 warrants over Ordinary Shares to Jeremy Sparrow following his appointment as a Non-Executive director on the 18 July 2016. Jeremy Sparrow is not taking any fees in relation to his appointment to the board of the Company and has in lieu of such been granted the 22,000,000 warrants.

Each warrant entitles the holder to subscribe for one Ordinary Share at the price of 0.23 pence per share. 11,000,000 warrants may be exercised from 28 July 2016 until 29 July 2021. The remaining 11,000,000 warrants are exercisable on the execution of a reverse takeover by the Company.

Enquiries:

SOVEREIGN MINES OF AFRICA PLC

Giles Clarke - c/o Billy Clegg +44 20 3757 6983

SHORE CAPITAL - NOMINATED ADVISER & BROKER

Toby Gibbs/Bidhi Bhoma - Corporate Finance

Jerry Keen - Corporate Broking +44 207 408 4090

CAMARCO

Gordon Poole / Sean Blundell +44 20 3757 6983

This information is provided by RNS

The company news service from the London Stock Exchange

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July 22, 2016 02:00 ET (06:00 GMT)

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