03:00 Mon 18 May 2020
Arkle Resources PLC - Placing to Raise £250,000
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.
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Placing to Raise
The net proceeds raised will be used for further exploration activities at the the
"We believe this investment and confirmation that our joint venture partner has received further funding from Glencore is a strong endorsement of the
"Furthermore, there is exciting exploration potential in the south of the project along the 'Pallas Corridor'. We look forward to drilling recommencing as planned in August, subject to Covid-19 restrictions."
Admission and Total Voting Rights
An application will be made for the admission of the Placing Shares to trading on AIM which is expected to occur on or around
Following Admission, there will be a total of 216,044,926 ordinary shares in issue with each ordinary share carrying the right to one vote. This figure 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 change to their interest in, the Company under the
Competent Person
This announcement has been reviewed and approved by Gavin Berkenheger (CGeol), who has sufficient experience relevant to the style of mineralisation under consideration and to the activities undertaken to qualify as Qualified Person for the purposes of the AIM Note for Mining, Oil and Gas Companies issued by the
Information for Editors
ENDS
Enquiries:
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+353 (0) 1 833 2833 |
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+353 (0) 87 272 1748 |
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+44 (0) 755 237 8208 |
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+44 (0) 203 470 0470 |
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+44 (0) 207 374 2212 |
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Blytheweigh |
+44 (0) 207 138 3204 |
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Teneo |
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+353 (0) 1 661 4055 |
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+353 (0) 1 661 4055 |
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