Exercise of Warrants

RNS Number : 2871N

Galileo Resources PLC

28 January 2021

 

For immediate release

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

28 January 2021

Galileo Resources Plc

("Galileo" or "the Company")

Exercise of Warrants

Galileo Resources plc ("Galileo "or the "Company") confirms that it has issued a total of 750,000 fully paid ordinary shares in the Company (the "New Ordinary Shares") at a price of 0.6p per share pursuant to the exercise of warrants in terms of the Placing Agreement dated 17 October 2019 (RNS announced 18 October 2019) and 3,375,000 fully paid ordinary shares in the Company at a price of 1.25p per share in terms of Placing Agreement dated 31 May 2020 (RNS announced 01 June 2020).  Application will be made for admission of the 4,125,000 New Ordinary Shares to trading on AIM ("Admission"), with Admission expected to occur on around 03 February 2021.

Following the issue of the New Ordinary Shares, which rank pari passu to the existing ordinary shares in the Company, the Company has 852,826,193 ordinary shares in issue, all of which have voting rights. Shareholders in the Company may use this figure as the denominator for the calculation, by which they would determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

  On 26 January 2021 the Company announced the Share Subscription Agreement to issue 41,100,124 Ordinary Shares to Sandfire Resources Limited ("Sandfire"), with Admission expected to occur on or around 09 February 2021.

Following the issue of the New Ordinary Shares to Sandfire, which rank pari passu to the existing ordinary shares in the Company, the Company has 893,926,317 ordinary shares in issue, all of which have voting rights.

You can also follow Galileo on Twitter: @GalileoResource

For further information, please contact: Galileo Resources PLC

Colin Bird, Chairman Edward Slowey, Executive Director	Tel [phone] Tel [phone]
Beaumont Cornish Limited - Nomad Roland Cornish/James Biddle	Tel [phone]
Novum Securities Limited - Joint Broker Colin Rowbury /Jon Belliss	[phone]
Shard Capital Partners LLP - J oint Broker Damon Heath	Tel [phone]

 

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