Holding(s) in Company

RNS Number : 8196C

Empire Metals Limited

21 October 2020

 

Empire Metals Limited / AIM: EEE / Sector: Natural Resources

21 October 2020

Empire Metals Limited ('Empire' or the 'Company')

Holdings Announcement

Empire Metals Limited, the AIM-quoted resource exploration and development company received notification on 20 October from Stuart Packwood that as a result of the placing announced by the Company in September 2020, Mr Packwood's holding increased from 28,230,393  to 29,207,112 ordinary shares of no par value in the capital of the Company ("Ordinary Shares") representing 11.53% of the issued share capital.

The Company has been notified that as of today Mr Packwood is now interested in 27,750,000 Ordinary Shares, representing 10.96% of the issued share capital and voting rights of the Company.

**ENDS**

For further information please visit www.empiremetals.co.uk  or contact:

Mike Struthers	Empire Metals Ltd	Company	Tel: [phone]
Ewan Leggat	S. P. Angel Corporate Finance LLP	Nomad & Broker	Tel: [phone]
Soltan Tagiev	S. P. Angel Corporate Finance LLP	Nomad & Broker	Tel: [phone]
Damon Heath	Shard Capital Partners LLP	Joint Broker	Tel: [phone]
Susie Geliher	St Brides Partners Ltd	PR	Tel: [phone]
Beth Melluish	St Brides Partners Ltd	PR	Tel: [phone]

About Empire Metals Limited

Empire Metals' primary focus is on the Eclipse Gold Project in Western Australia which produced 954 tonnes @ 24.6 g/t Au for 754.25 oz Au from the Eclipse shaft which operated up to 1910.  In addition to the known mineralisation at and surrounding the Eclipse old workings, recent geophysics and geochemistry work has highlighted further potential mineralisation at two additional targets north-west of Eclipse, the Houdini and Easy prospects.

The Company also has a 50% joint venture in Georgia which covers an area of over 860 sq km and has a 30-year mining licence.  The joint venture covers a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which is due to advance to Feasibility Study.

The Board continues to evaluate opportunities through which to realise the value of its wider portfolio and reviews further assets which meet the Company's investment criteria.

 

END

 

 

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