Warrant Exercise

RNS Number : 0877N

Sunrise Resources Plc

27 January 2021

 

27 January 2021

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

Warrant Exercise

Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, announces that it has received notice to exercise 500,000 warrants (the "Warrants ").

Each Warrant entitles the holder to subscribe for one new ordinary share of 0.1 pence each in the Company (a "Warrant Share ") at a price of 0.16 pence per Warrant Share and payment has been received by the Company.

The Warrant Shares will rank pari passu with the existing ordinary shares and application will be made to the London Stock Exchange for the Warrant Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on or around Tuesday
2 February 2021.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company hereby notifies the market that on Admission, the Company's issued share capital will consist of 3,694,360,238 ordinary shares with a nominal value of 0.1p each, with voting rights. The Company does not hold any ordinary shares in Treasury.

Therefore, the total number of ordinary shares in the Company with voting rights will be 3,694,360,238. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

This announcement contains inside information as defined in Article 7 of EU Regulation 596/2014. 

Further information:

Sunrise Resources plc Patrick Cheetham, Executive Chairman	Tel: [phone]
Beaumont Cornish Limited Nominated Adviser James Biddle/Roland Cornish	Tel: [phone]
Peterhouse Capital Limited Broker Lucy Williams/Duncan Vasey	Tel: [phone]

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com

 

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