Issue of Unlisted Performance Rights

RNS Number : 6524M

Sovereign Metals Limited

13 January 2023

 

SOVEREIGN METALS LIMITED

NEWS RELEASE I 13 JANUARY 2023

ISSUE OF UNLISTED PERFORMANCE RIGHTS

Sovereign Metals Limited (Sovereign or the Company) (ASX:SVM, AIM:SVML) advises that it has issued 1,560,000 Performance Rights to key employees and consultants as follows:

· 740,000 performance rights subject to the "Pre-Feasibility Study Milestone" expiring on 30 September 2023; and

· 820,000 performance rights subject to the "Feasibility Study Mine Milestone" expiring on 31 October 2025.

Following the issue of these Performance Rights, Sovereign has the following securities on issue:

· 470,875,023 ordinary fully paid shares;

· 11,105,125 unlisted options exercisable at A$0.80 each on or before 13 May 2023;

· 6,100,000 unlisted performance rights subject to the "Pre-Feasibility Study Milestone" expiring on 30 September 2023; and

· 8,260,000 unlisted performance rights subject to the "Feasibility Study Milestone" expiring on 31 October 2025.

ENQUIRIES

Dylan Browne Company Secretary [phone]

Nominated Adviser on AIM
RFC Ambrian
Bhavesh Patel / Andrew Thomson	[phone]
Joint Brokers
Berenberg	[phone]
Matthew Armitt
Jennifer Lee
Optiva Securities	[phone]
Daniel Ingram
Mariela Jaho
Christian Dennis

 

END

 

 

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