Wolf Minerals Limited Issue of Equity and Change of Directors' Interests (8843X)
11 May 2016 - 5:00PM
UK Regulatory
TIDMWLFE
RNS Number : 8843X
Wolf Minerals Limited
11 May 2016
11 May 2016
Wolf Minerals Limited
("Wolf" or the "Company")
Issue of Equity and Change of Directors' Interests
Wolf Minerals Limited announces that on 10 May 2016, a total of
251,649 fully paid ordinary shares of no par value ("the Shares")
were issued to certain directors in lieu of part fees for the
quarter ended 31 March 2016 under the Company's Directors' Share
Plan ("the Plan") as approved by shareholders on 21 November 2014
and 16 November 2015. Under the Plan, non-executive Directors
receive a portion of their fees in shares, allowing the Company to
preserve its cash reserves.
The new shares were issued at a price of 9 pence per Share.
Total resulting
Shares holding in
Director issued the Company (%)
------------------ -------- ---------------- -----
Mr Ronnie Beevor 35,950 464,914 0.05
Mr John Hopkins 71,899 158,343 0.02
Mr Don Newport 35,950 114,914 0.01
Mr Nicholas
Clarke 35,950 114,914 0.01
35,950 Shares have been issued to each of Resource Capital Funds
Management Pty Ltd and TTI (NZ) Limited under the Plan in respect
of part director fees due to their respective Board
representatives, Mr Chris Corbett and Mr Michael Wolley.
Application has been made for the 251,649 Shares to be admitted
to AIM and on the Australian Securities Exchange ("ASX")
("Admission"). Admission to trading on AIM is expected to become
effective on 16 May 2016. The Shares will rank pari passu with the
Company's existing Shares.
Following Admission, the number of ordinary shares in issue and
admitted to trading on AIM and the ASX will be 984,078,694.
ENDS
Wolf Minerals Limited
Russell Clark +61 8 6364 3776
Numis Securities
John Prior/James Black/Paul Gillam +44(0)20 7260 1000
Newgate
Adam Lloyd / Ed Treadwell / Helena Bogle +44 (0) 20 7653 9850
About Wolf Minerals
Wolf Minerals is a dual listed ("ASX: WLF", "AIM: WLFE")
specialty metals company. With global demand for tungsten rising
and future global production expected to be constrained, Wolf
Minerals has recently completed the development of a large tungsten
resource at its Drakelands Mine, located at Hemerdon, in southwest
England.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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