Exercise of Warrants

RNS Number : 1152H

Savannah Resources PLC

13 November 2018

 

13 November 2018                 

Savannah Resources Plc

Exercise of Warrants

Savannah Resources plc (AIM: SAV, FWB: AFM and SWB: SAV) ('Savannah') or the 'Company'), the AIM quoted resource development company, announces that it has issued 135,000 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at exercise price of 6 pence per share (the "New Shares"), following the exercise of warrants.

Application will be made for the New Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence at 8:00 a.m. on or around 16 November 2018.

Total Voting Rights & Regulatory Information

Following Admission, the total issued share capital of the Company will consist of 881,451,795 Ordinary Shares. This number 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 to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

This Announcement contains inside information for the purposes of Article 7 of the Regulation (EU) 596/2014.

*ENDS*

For further information please visit www.savannahresources.com or contact: 

David Archer	Savannah Resources plc	Tel: [phone]
David Hignell / Dugald J. Carlean / Domile Andruskeviciute (Nominated Adviser)	Northland Capital Partners Ltd	Tel: [phone]
Christopher Raggett / Camille Gochez (Broker)	finnCap Ltd	Tel: [phone]
Grant Barker (Equity Adviser)	Whitman Howard	Tel: [phone]
Gaby Jenner / Lottie Wadham (Financial PR)	St Brides Partners Ltd	Tel: [phone]

About Savannah

Savannah is a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto. The Board is committed to serving the interests of its shareholders and to delivering outcomes that will improve the lives of the communities we work with and our staff.

The Company is listed and regulated on AIM and the Company's ordinary shares are also available on the Quotation Board of the Frankfurt Stock Exchange (FWB) under the symbol FWB: AFM, and the Börse Stuttgart (SWB) under the ticker "SAV".

 

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