AfriTin Mining Ltd Exercise of Warrants (6476B)

TIDMATM

RNS Number : 6476B

AfriTin Mining Ltd

11 January 2018

AfriTin Mining Limited

("AfriTin" or the "Company")

Exercise of Warrants

AfriTin has received notice from Bushveld Minerals Limited ("Bushveld") that a warrant holder has exercised its warrants over Bushveld warrants. In accordance with the terms of the Demerger Agreement between Bushveld and AfriTin dated 8 November 2017, the warrant holder is also entitled at the time of exercise to exercise the same number of warrants in AfriTin, for nil consideration, subject to the demerger ratio of 0.0899. Accordingly, the warrant holder is now entitled to 1,348 Ordinary Shares ("New Ordinary Shares") in AfriTin.

Application has been made to admit the New Ordinary Shares to trading on AIM and it is anticipated that the application will be effected and dealings will commence on 16 January 2018.

Following the issue of the shares, the total number of shares in issue on Admission will be 297,466,236 Ordinary Shares of no par value. There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, AfriTin under the Disclosure and Transparency Rules.

Enquiries:

 
AfriTin Limited 
Anthony Vijoen (CEO)           [phone] 
 
Nominated Adviser and Broker 
WH Ireland Limited 
 Katy Mitchell 
 Adrian Hadden                   [phone] 
 James Sinclair-Ford 
 
 Joint Broker 
 Beaufort Securities Limited 
 Jon Belliss                     [phone] 
 
  Financial Public Relations 
Tavistock 
Jos Simson / Barney Hayward    [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 11, 2018 09:30 ET (14:30 GMT)