Issue of Shares

RNS Number : 7208O

Beowulf Mining PLC

11 February 2016

 

11 February 2016

Beowulf Mining plc

("Beowulf" or the "Company")

Issue of Shares

Beowulf (AIM: BEM; Aktietorget: BEO), the mineral exploration and development company focused on the Kallak iron ore project in northern Sweden, is issuing 729,329 new ordinary shares of 1p each. This includes the issue of 450,000 new ordinary shares being the deferred payment in connection with its acquisition of Oy Fennoscandian Resources AB (announced on 11 January 2016) and 279,329 new ordinary shares in satisfaction of the professional fees due to Beaufort Securities Limited ("Beaufort") under the terms of a letter of engagement between Beaufort and the Company dated 17 June 2015.

Application will be made to the London Stock Exchange for the 729,329 new ordinary shares to be admitted to trading on AIM on 18 February 2016 ("Admission"). Following Admission, the Company will have a total of 433,143,153 ordinary shares in issue. The new ordinary shares will rank pari passu with the existing ordinary shares.

Total Voting Rights

Following Admission and in accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the Company hereby announces that it will have 433,143,153 ordinary shares of 1p each in issue, each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.

Following Admission, the above figure of 433,143,153 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will 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.

Enquiries:

Beowulf Mining plc
Kurt Budge, Chief Executive Officer	Tel: [phone]
Cantor Fitzgerald Europe (Nominated Advisor & Joint Broker)
Stewart Dickson / Phil Davies / Carrie Drummond	Tel: [phone]
Beaufort Securities Limited (Joint Broker)
Jon Belliss	Tel: [phone]
Blytheweigh
Tim Blythe / Megan Ray	Tel: [phone]

 

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