Holding(s) in Company

RNS Number : 2707Z

Kodal Minerals PLC

25 May 2016

 

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

25 May 2016

Kodal Minerals Plc ('Kodal Minerals' or 'the Company')

Holdings in the Company

Kodal Minerals, the mineral exploration and development company, was informed yesterday that as a result of the acquisition of 625,000,000 ordinary shares of £0.0003125 each in the capital of the Company ("Ordinary Shares") as part of the fundraising announced on 20 May 2016, Pelamis Investments Limited ("Pelamis Investments") is now the beneficial owner of  627,800,000 Ordinary Shares. Mr. David Steinepreis, who holds 65,000,000 Ordinary Shares in his own name, is a shareholder and director of Pelamis Investments. As a result, Mr. David Steinepreis has an interest in a total of 692,800,000 Ordinary Shares which is equivalent to 18.35 per cent of the Company's  issued share capital.    

**ENDS**

For further information, please visit www.kodalminerals.com or contact the following:

Kodal Minerals plc Bernard Aylward, CEO	Tel: [phone]
Allenby Capital Limited, Nominated Adviser Jeremy Porter/Nick Harriss	Tel: [phone]
SP Angel Corporate Finance LLP, Financial Adviser & Broker John Mackay/Laura Harrison	Tel: [phone]
St Brides Partners Ltd, Financial PR Lottie Brocklehurst/Megan Dennison	Tel: [phone]

 

END

 

 

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