Issue of Equity

RNS Number : 9172D

Equatorial Mining & Exploration PLC

02 May 2017

 

2 May 2017

Equatorial Mining & Exploration Plc ("EME" or the "Company")

Issue of New Stock

The Company announces the issue of new stock following the receipt of funds from an existing investor.

140,000,000 warrants were exercised at an exercise price of 0.01p per share.

The Company also issued 110,000,000 Irredeemable 0.01p Convertible Loan notes.

Following the allotment, the total issued share capital of the Company will increase to 6,058,941,670 ordinary shares of 0.01 p each.

As a result, the changes to the Company's shares, warrants and convertible loan notes in issue are tabulated below:

	Ord Shares 0.01p shares	Warrants to subscribe for ordinary shares at 0.01p by March 2018	Irredeemable 0.01p Conv Loan Notes December 2017
Previously in issue	5,918,941,670	1,110,000,000	330,000,000
Currently in issue	6,058,941,670	1,080,000,000	440,000,000

Enquiries:

Equatorial Mining & Exploration Plc: Nicholas Nelson, Executive Chairman	[e-mail]
NEX Exchange Adviser and Broker Alexander David Securities James Dewhurst	[phone]

The Directors take responsibility for this announcement.

 

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