Share Issue - Convertible Loan Facility Settlement

RNS Number : 3181J

GCM Resources PLC

27 June 2017

 

27 June 2017

GCM Resources plc

("GCM" or the "Company")

(AIM:GCM) 

Share issue - Settlement of Convertible Loan Facility

GCM Resources plc ("GCM" or the "Company"), a London based resource exploration and development company, announces that it has now issued and allotted 10,501,932 ordinary shares to settle the convertible loan facility as previously disclosed on 20 June 2017.

Application is being made to The London Stock Exchange for these shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to AIM. It is expected that admission will become effective on 3 July 2017.  Following admission of these ordinary shares, the Company's enlarged issued share capital will comprise 78,153,997 ordinary shares with voting rights in the Company. As the Company holds no shares in treasury, this is the total number of the voting rights in the Company which may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change in the interest, in the share capital of the Company under Chapter 5 of the FCA's Disclosure Guidance and Transparency Rules as reflected in the Company's articles of incorporation.

For further information:

GCM Resources plc James Hobson Finance Director  [phone]	Bell Pottinger Lorna Cobbett [phone]
ZAI Corporate Finance Ltd Nominated Adviser and Broker Peter Trevelyan-Clark, Tim Cofman [phone]

GCM Resources plc
Tel: [phone]
[e-mail]; www.gcmplc.com

 

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