Exercise of Warrants and Issue of Equity

RNS Number : 6624F

Landore Resources Limited

22 March 2022

 

22 March 2022

Landore Resources Limited

("Landore Resources" or the "Company")

Exercise of Warrants and Issue of Equity

Landore Resources Limited (AIM:LND) announces that it has received a notice to exercise warrants over a total of 500,000 Ordinary Shares (the "Warrant Shares"), for which funds of £100,000.00 have been received by the Company.

Application will be made for the admission of the Warrant Shares to trading on AIM ("Admission"). The Warrant Shares will rank pari passu with the existing Ordinary Shares and it is expected that Admission will become effective on or around 8.00 a.m. on 28 March 2022.

Following Admission, the Company's issued share capital will consist of 107,423,827 Ordinary Shares with voting rights. Landore Resources does not hold any Ordinary Shares in treasury. This figure of 107,423,827 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they require to notify their interest in, or a change to their interest in, the share capital of the Company under the UK Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

-ENDS-

For more information, please contact:

Landore Resources Limited
Bill Humphries, Chief Executive Officer	Tel: [phone]
Glenn Featherby, Finance Director	Tel: [phone]
Cenkos Securities (Nominated Advisor and Broker)
Derrick Lee / Peter Lynch	Tel: [phone]

 

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