leadf
logo-loader
RNS
viewArkle Resources PLC

Arkle Resources PLC - Exercise of Warrants

RNS Number : 1463E
Arkle Resources PLC
03 November 2020
 

3rd November 2020

 

Arkle Resources PLC

 

("Arkle" or the "Company")

 

Exercise of Warrants

 

Arkle announces that pursuant to the receipt of a conversion notice from a holder of 4,000,000 warrants exercisable at 0.50 pence each, it has today issued 4,000,000 ordinary shares of €0.0025 each ("Ordinary Shares") at the exercise price of 0.50 pence per share ("New Shares").

 

Application will be made for the New Shares, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM and it is expected that this will take place at 8.00 a.m. on or around 9 November 2020 ("Admission"). The proceeds of the exercise of GBP20,000 will be used for additional working capital.

 

Total Voting Rights

 

Following the Admission, Arkle will have 295,044,962 Ordinary Shares in issue which will also represent the total number of voting rights in the Company. The above figure should 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.

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2024. The person who arranged for the release of this announcement on behalf of the Company was Jim Finn, Director.

 

A copy of this announcement is available on the Company's website, at www.arkleresources.com

 

 

ENDS

 

Enquiries:

 

Arkle Resources PLC

 

John Teeling, Chairman

+353 (0) 1 833 2833

Jim Finn, Finance Director

+353 (0) 1 833 2833

 

 

SP Angel Corporate Finance LLP
Nominated Adviser & Joint Broker

 

Matthew Johnson/Adam Cowl

  +44 (0) 203 470 0470

 

 

First Equity Limited

 

Joint Broker

 

Jason Robertson

  +44 (0) 207 374 2212

 

 

Blytheweigh

  +44 (0) 207 138 3204

Megan Ray

 

Rachael Brooks

 

 

 

Teneo

 

Luke Hogg

  +353 (0) 1 661 4055

Ross Murphy

  +353 (0) 1 661 4055

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
IOEEAKFDEFXEFFA

Quick facts: Arkle Resources PLC

Price: -

Market: AIM
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

John Teeling, Chairman of Connemara Mining, talks about the best country in...

John Teeling, Chairman of Connemara Mining, talks about why most zinc miners are doing very well, the best country in the world to find zinc, a very good discovery, extending the deposit to the north, south, east and west, and some of the largest zinc mines in the world. (Oct 2010)

on 11/03/2010

3 min read