Exercise of Warrants

RNS Number : 3666M

Arkle Resources PLC

20 January 2021

 

20 January 2021

Arkle Resources PLC

("Arkle" or the "Company")

Exercise of Warrants

Arkle announces that, pursuant to the receipt of two warrant conversion notices, it has today issued 3,000,000 ordinary shares of EUR0.0025 each ("Ordinary Shares") at the exercise price of 0.50 pence per share and 5,937,500 Ordinary Shares at the exercise price of 1.2 pence per share (together the "New Shares").

Application will be made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place at 8.00 a.m. on or around 26 January 2021 ("Admission"). The proceeds of the exercise of GBP 86,250 will be used for additional working capital.

Total Voting Rights

Following the Admission, Arkle will have 305,982,426 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2024. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director.

A copy of this announcement is available on the Company's website, at www.arkleresources.com

ENDS

Enquiries:

Arkle Resources PLC

John Teeling, Chairman     [phone]

Jim Finn, Finance Director         [phone]

SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker

Matthew Johnson/Adam Cowl    [phone]

First Equity Limited

Joint Broker

Jason Robertson                                                             [phone]

Blytheweigh                                                                    [phone]

Megan Ray

Rachael Brooks

Teneo

Luke Hogg                                                                        [phone]

Ross Murphy                                                                   [phone]

 

END

 

 

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