Exercise of Warrants and Total Voting Rights

RNS Number : 1248N

Oriole Resources PLC

28 January 2021

 

Oriole Resources PLC 

('Oriole Resources' or 'the Company' or 'the Group')

Exercise of Warrants and Total Voting Rights

Oriole Resources PLC (AIM: ORR) , the AIM-quoted exploration company focussed on West Africa announces that, following an exercise of warrants over ordinary shares in the Company (the 'Exercise'), application has been made for 5,742,473 new ordinary shares of 0.1p each ('Ordinary Shares') in the Company to be admitted to trading on AIM on 2 February 2021 ('Admission'). The exercise prices of the warrants are as set out below:

Instrument	Exercise Price (pence)	Number of New Ordinary Shares to be admitted
Warrants	0.60	842,473
Warrants	0.68	4,900,000

The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

Following Admission, a total of 287,020,147 warrants and 82,526,246 options over Ordinary Shares (representing approximately 24.7 per cent. of the Company's enlarged issued share capital) remain outstanding.

Total Voting Rights

Following Admission, the Company's issued share capital will be 1,498,031,995 Ordinary Shares. This figure of 1,498,031,995 may be used by shareholders 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 Company under the FCA's Disclosure and Transparency Rules.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Following the publication of this announcement, this inside information is now considered to be in the public domain.

** ENDS **

For further information please visit   www.orioleresources.com ,   @OrioleResources  on Twitter, or contact:

Oriole Resources PLC Bob Smeeton / Tim Livesey / Claire Bay	Tel: [phone]
Blytheweigh (IR/PR contact) Tim Blythe / Megan Ray / Rachael Brooks	Tel: [phone]
Grant Thornton UK LLP Samantha Harrison / Seamus Fricker / George Grainger	Tel: [phone]
Shard Capital Partners LLP Damon Heath / Erik Woolgar / Isabella Pierre	Tel: [phone]

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. Year two commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.

 

END

 

 

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