Exercise of Warrants

RNS Number : 3255W

AfriTin Mining Ltd

22 April 2021

 

22 April 2021

AfriTin Mining Limited

("AfriTin" or the "Company")

Exercise of Warrants

AfriTin has received notice from warrant holders to exercise 1,186,666 warrants at an exercise price of 4.5p and 500,000 warrants at an exercise price of 1.95p; and accordingly the Company has today issued 1,686,666 Ordinary Shares (the "Warrant Shares") to satisfy these exercises

Application has been made to admit the Warrant Shares to trading on AIM and it is anticipated that the application will be effected and dealings will commence on 28 April 2021 ("Admission").

Disclosure and Transparency Rules

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, upon Admission its issued share capital will comprise 876,376,678 Ordinary Shares of no-par value upon Admission (the "Enlarged Share Capital"). All of these Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 876,376,678 upon Admission. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.

For further information, please visit www.afritinmining.com or contact:

AfriTin Mining Limited
Anthony Viljoen, CEO	[phone]
Nominated Adviser
WH Ireland Limited Katy Mitchell James Sinclair-Ford	[phone]
Corporate Advisor and Joint Broker
Hannam & Partners Andrew Chubb Jay Ashfield Nilesh Patel	[phone]
Joint Broker
Turner Pope Investments Andy Thacker	[phone]
Financial PR (United Kingdom)
Tavistock	[phone]
Jos Simson Emily Moss Oliver Lamb

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

About AfriTin Mining Limited

Notes to Editors

AfriTin Mining Limited is the first pure tin company listed in London and its vision is to create a portfolio of globally significant, conflict-free, tin-producing assets. The Company's flagship asset is the Uis Tin Mine in Namibia, formerly the world's largest hard-rock opencast tin mine.

AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast-track Uis Tin Mine in Namibia to commercial production as Phase 1, ramping up to 5,000 tonnes of concentrate per annum in a Phase 2 expansion. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.

 

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