Ferrum Crescent Ltd Issue & Admission Date for Shares (1680S)

TIDMFCR

RNS Number : 1680S

Ferrum Crescent Ltd

19 December 2016

19 December 2016

Ferrum Crescent Limited

("Ferrum Crescent", the "Company" or the "Group")(ASX, AIM, JSE: FCR)

Exercise of Options and Issue of Equity

Update re: Expected issue and Admission Date for Placement Shares and Option Shares to trading on AIM

Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, announces that it is issuing 3,205,088 new ordinary shares of no par value each in the capital of the Company ("Ordinary Shares") as a result of the exercise of, in aggregate, 3,205,088 options exercisable at a price of 0.165 pence per share (the "Option Shares"). Such options were granted in connection with the Company's placing and subscription announced on 27 April 2016.

Application will be made for quotation of the Option Shares on the Australian Securities Exchange and the JSE Limited, and to the London Stock Exchange plc for admission to trading on AIM ("Admission"). The Option Shares will be fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

Further to the Company's announcement of 12 December 2016 regarding the placing of 275,218,025 new ordinary shares of no par value each in the capital of the Company (the "Placing Shares") at a price of 0.2 pence per new ordinary share to raise approximately GBP550,000 gross, application will also be made for quotation of the Placing Shares on the Australian Securities Exchange and the JSE Limited, and to the London Stock Exchange plc for Admission.

Accordingly, it is now expected that issue and Admission of both the Placing Shares and the Option Shares will become effective, and that dealings in both the Placing Shares and the Option Shares will commence on AIM, at 8.00 a.m. on 22 December 2016.

Following issue and Admission of the Placing Shares and Option Shares, the total issued ordinary share capital of the Company will comprise 2,147,825,266 Ordinary Shares.

For further information on the Company, please visit www.ferrumcrescent.com or contact:

Ferrum Crescent Limited

Justin Tooth, Executive Chairman

Grant Button, Director and Company Secretary

T: [phone]

UK enquiries:

Laurence Read (UK representative)

T: [phone]

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: [phone]

Beaufort Securities Limited (Broker)

Elliot Hance

T: [phone]

Bravura Capital (Pty) Ltd (JSE Sponsor)

Doné Hattingh

T (direct): [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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December 19, 2016 02:00 ET (07:00 GMT)