Issue of Equity

RNS Number : 2785S

Bushveld Minerals Limited

05 November 2013

 



5 November 2013

Bushveld Minerals Limited

Issue of Equity

Bushveld Minerals Ltd ("Bushveld" or the "Company") announces that it has issued and allotted 826,415 new ordinary shares of £0.01 in the Company as consideration for shares in Lemur Resources Limited ("Lemur") acquired by Bushveld from Lemur shareholders who have accepted Bushveld's offer of three Bushveld Shares for every five Lemur Shares between 22 October and 1 November 2013.

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. Dealings are expected to commence from 8.00 a.m. on 7 November 2013 ("Admission"). 

Following Admission, there will be a total of 389,516,281 ordinary shares in issue. For the purposes of calculating Total Voting Rights shareholders may use this number as the total number of shares in issue from the date of Admission.

Offer Details

The Bushveld offer for Lemur closed at 5.00pm (Australian WST) on 01 November 2013.

Holdings in Lemur

Following Admission, Bushveld will have a shareholding in Lemur of 104,697,097 ordinary shares representing 54.39% interest.

For further information please contact:

Enquiries: [e-mail]

Bushveld Minerals Fortune Mojapelo	[phone]
Fox-Davies Jonathan Evans	[phone]
Tavistock Communications Jos Simson / Nuala Gallagher	[phone]
Tielle Communications Stéphanie Leclercq	[phone]

 

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