Conversion of Securities

RNS Number : 0217O
Golden Prospect Precious Metals Ltd
01 August 2014
 



GOLDEN PROSPECT PRECIOUS METALS LIMITED

 

Exercise of Subscription Shares

 

Golden Prospect Precious Metals Limited ("GPPM" or the "Company"), the investment company which invests in gold and precious metals companies, announces that it received a notice of exercise of Subscription Shares. The Subscription Shares have been exercised in respect of 100 Ordinary Shares of 0.1p par value (the "New Ordinary Shares") at an exercise price of 130p per share. The net proceeds that will be received by the Company following the exercise is c.£130.

 

The New Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the New Ordinary Shares to be admitted to listing on the Official List of the CISE and to trading on the SETSqx platform of the London Stock Exchange. It is expected that Admission will take place at 8.00am on 4 August 2014.

 

Following Admission, the Company will have 57,002,026 Ordinary Shares in issue and 28,497,948 Subscription Shares in issue.

 

Enquiries:

Legis Fund Services Limited

Patrick Farncombe

Tel: +44(0) 1481 732152

 

N+1 Singer

James Maxwell

 

 

Tel: +44(0) 20 7496 3000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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