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Exercise of Options

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RNS Number : 9510M
Asiamet Resources Limited
19 September 2019
 

 

19 September 2019                                                                                                                   

           

 

Exercise of Options

 

 

Asiamet Resources Limited ("ARS" or the "Company") reports that it has received notification from an Option holder to exercise options over 100,000 new common shares in the share capital of the Company (the "New Common Shares"). The Company has today issued the New Common Shares to the option holder and has received C$5,000 as a result of the exercise of these options respectively at a price of C$0.05 per option.

Application has been made for the New Common Shares to be admitted to trading on AIM ("Admission").  It is expected that Admission to AIM will become effective and dealings in the New Common Shares will commence on or around 20 September 2019. The New Common Shares will rank pari passu in all respects with the existing common shares in the Company.

The total number of common shares outstanding after completion of the issue of the New Common Shares will increase from 1,095,960,742 to 1,096,060,742. This represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can 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 and Transparency Rules.

ARS now has the following options and warrants on issue:

·      1,000,000 C$0.05 options expiring 6 October 2019

·      4,450,000 C$0.05 options expiring 31 August 2020

·      800,000 £0.12 options expiring 11 January 2021

·      6,650,000 C$0.065 options expiring 1 November 2021

·      2,000,000 £0.06 options expiring 20 February 2022

·      2,000,000 £0.08 options expiring 20 February 2022

·      2,000,000 £0.10 options expiring 20 February 2022

·      2,000,000 £0.12 options expiring 20 February 2022

·      11,700,000 £0.07 options expiring 5 October 2022

·      1,500,000 £0.13 options expiring 1 January 2023

·      1,500,000 £0.15 options expiring 1 January 2023

·      1,500,000 £0.17 options expiring 1 January 2023

 

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Bird, Deputy Chairman and CEO

For further information, please contact:

-Ends-

Peter Bird
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +
61 3 8644 1300
Email:
[email protected]asiametresources.com

 

Tony Manini
Executive Chairman, Asiamet Resources Limited
Telephone: +
61 3 8644 1300
Email:
[email protected]asiametresources.com

 

FlowComms Limited

Sasha Sethi

Telephone: +44 (0) 7891 677 441

Email: [email protected]

Asiamet Resources Nominated Adviser
RFC Ambrian Limited

Andrew Thomson / Stephen Allen

Telephone: +61 8 9480 2500

Email: [email protected] / [email protected] 

 

Berenberg

Matthew Armitt, Detlir Elezi

Telephone: +44 20 3207 7800

Email: [email protected] / [email protected] 

 

Liberum
Clayton Bush, Kane Collings                

Telephone: +44 7773 322679

Email: [email protected]

 

Optiva Securities Limited
Christian Dennis

Telephone: +44 20 3137 1903

Email: [email protected]

 

 

 


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.
 
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Price: 3.05

Market: AIM
Market Cap: £28.29 m
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