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Alba Min Res PLC (ALBA)

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Wednesday 16 September, 2020

Alba Min Res PLC

Exercise of Share Warrants

RNS Number : 2018Z
Alba Mineral Resources PLC
16 September 2020
 

Alba Mineral Resources plc

(the "Company" or "Alba")

Exercise of Share Warrants

Alba Mineral Resources plc (AIM: ALBA) announces that it has received a notice to exercise share warrants with an exercise price of 0.13p per share. The total number of share warrants exercised was 38,461,538 for total proceeds to the Company of £50,000.

Admission to AIM

Application will be made for the new ordinary shares which are to be issued in respect of this exercise of share warrants to be admitted to trading on AIM ("Admission"). It is expected that Admission of the new ordinary shares will become effective at 8.00 a.m. on or around 23 September 2020. The new ordinary shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise rank on Admission pari passu in all respects with the existing ordinary shares.

Total Voting Rights

Following Admission, the total number of ordinary shares in issue will be 5,222,202,679. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights will be 5,222,202,679. This figure may be used by shareholders in the Company 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

 

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

For further information please contact:

Alba Mineral Resources plc

George Frangeskides, Executive Chairman

 

+44 20 3907 4297

Cairn Financial Advisers LLP (Nomad)

James Caithie / Liam Murray

 

+44 20 7213 0880

 

First Equity Limited (Broker)

Jason Robertson

+44 20 7374 2212

     

Alba's Project and Investment Portfolio

Project (commodity)

Location

Ownership

Mining Projects

Amitsoq (graphite)

Greenland

90%

Clogau (gold)

Wales

90%

Inglefield (copper, cobalt, gold)

Greenland

100%

Limerick (zinc-lead)

Ireland

100%

Melville Bay (iron ore)

Greenland

51%

TBS (ilmenite)

Greenland

100%

Oil & Gas Investments

Brockham (oil)

England

5%

Horse Hill (oil)

England

11.765%

 

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