Wolf Minerals Limited Issue of Equity and Change of Directors' Interests (4823B)
04 April 2017 - 4:01PM
UK Regulatory
TIDMWLFE
RNS Number : 4823B
Wolf Minerals Limited
04 April 2017
4 April 2017
Wolf Minerals Limited
("Wolf" or the "Company")
Issue of Equity and Change of Directors' Interests
Issue of Shares
Wolf Minerals Limited announces that on 3 April 2017 a total of
563,759 fully paid ordinary shares of no par value ("the Shares")
were issued.
A total of 402,685 Shares were issued to certain directors (or
persons closely associated with them) in lieu of part fees for the
quarter ended 31 March 2017 under the Company's Directors' Share
Plan ("the Plan") as approved by shareholders on 21 November 2014,
16 November 2015 and 29 November 2016. Under the Plan,
non-executive directors receive a portion of their fees in shares,
allowing the Company to preserve its cash reserves. These new
shares were issued at a price of AUD $0.0745 (equivalent to
approximately 4.6 pence) per Share.
Shares Total resulting holding
Director issued in the Company (%)
------------------ -------- ------------------------ -----
Mr John Hopkins
OAM 161,074 1,059,892 0.10
Mr Ronnie Beevor 80,537 712,949 0.07
Mr Don Newport 80,537 362,949 0.03
Mr Nicholas
Clarke 80,537 362,949 0.03
80,537 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 563,759 Shares to be admitted
to AIM and on the Australian Securities Exchange ("ASX")
("Admission"). Admission to trading on AIM of these Shares is
expected to become effective on 6 April 2017. The Shares will rank
pari passu with the Company's existing Shares.
Following Admission, the number of ordinary shares on issue and
admitted to trading on AIM and the ASX will be 1,085,686,434.
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 +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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