Warrants Update

Blencowe Resources PLC

18 July 2023

 

18 July 2023

Blencowe Resources plc ("Blencowe" or the "Company")

Warrants Update

Further to the announcement on 18 April 2023, the Board of the Company has indicated its wish to exercise 3,150,000 warrants from a total of 6,000,000 warrants allocated that are due to expire on 18 July 2023. Cameron Pearce and Sam Quinn exercised 500,000 and 250,000 respectively as announced on 23 November 2020, therefore, a balance of 2,150,000 warrants of 4p will expire today.

The Board continue to be in a close period relating to the advanced discussions with the DFC regarding funding the DFS, therefore, may not deal in the securities of the Company.

The Board has committed unconditionally to proceed with exercising the warrants at the earliest opportunity possible at such time it is permitted to exercise the warrants.  The Company shall receive proceeds of £126,000 following the exercise.

Director	Warrants to be exercised	Price	Proceeds
Cameron Pearce	1,000,000	4p	£40,000
Sam Quinn	750,000	4p	£30,000
Mike Ralston	1,000,000	4p	£40,000
Alex Passmore	400,000	4p	£16,000

The Board will notify their holdings in due course following the exercise of warrants.

 For further information, please visit https://blencoweresourcesplc.com or the following:

Blencowe Resources Sam Quinn	www.blencoweresourcesplc.com Tel: [phone] [e-mail]
Investor Enquiries Sasha Sethi	Tel: [phone] [e-mail]
Tavira Financial Jonathan Evans	Tel: [phone] [e-mail]
First Equity Limited Jason Robertson	Tel: [phone] [e-mail]

Twitter: https://twitter.com/BlencoweRes

LinkedIn: https://www.linkedin.com/company/blencowe-resources/

 

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