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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aurum Min | LSE:AUR | London | Ordinary Share | GB00B00T3528 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.625 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAUR
RNS Number : 7952E
Aurum Mining PLC
21 July 2016
AURUM MINING PLC
(AIM: AUR)
21 July 2016
Issue of New Equity
Grant of Options
Convertible Loan Notes
Aurum plc ("Aurum plc" or the "Company"), the Spanish focused gold and tungsten explorer, is pleased to announce that it has completed a subscription of 2,500,000 New Ordinary Shares to a new strategic investor at a price of 1 pence per share to raise approximately GBP25,000 before expenses ("the Subscription") which will be used to fund working capital requirements.
In addition, the Company has granted 31,500,000 share options to subscribe for New Ordinary Shares of 1 pence each in the Company to the new investor. The options are exercisable until 19 July 2017 and shall have an exercise price of 1 pence per share. There are no conditions attaching prior to the vesting of the options.
The Company announced funding by way of a convertible loan on 17 June 2016, half of which had been provided by David Williams, Chairman of Aurum. The Company has received an undertaking from the providers of the convertible loan that this issue of equity will not trigger the conversion of their respective loans.
In accordance with the Disclosure and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission its issued share capital will consist of 174,350,286 Ordinary Shares of 1p each. The Company does not hold any shares in treasury. Shareholders may use these figures 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.
Application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. It is expected that Admission will become effective at 8.00 a.m. on 26 July 2016.
Contacts: Aurum Mining plc www.aurummining.net David Williams +44 (0) 797 014 8016 WH Ireland Limited Nominated Adviser & Broker Mike Coe, Ed Allsopp +44 (0) 117 945 3470
Notes to Editors:
Aurum Mining is an AIM listed exploration and development company focused on its highly prospective portfolio of gold and tungsten assets in North West Spain.
Gold
Through its joint venture agreement with Ormonde Mining plc (AIM: ORM), Aurum currently has a majority interest in the Pino de Oro project in Zamora Province and the Peralonso and Cabeza projects in Salamanca Province.
Tungsten
Aurum's 20% owned Morille Tungsten project is located approximately 15km south west of Salamanca in North West Spain and covers an area of 5,796 hectares. The permit area is a 'brownfield' site with historical data indicating production from the site of high quality tungsten concentrates.
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEURONRNWABUAR
(END) Dow Jones Newswires
July 21, 2016 02:00 ET (06:00 GMT)
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