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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Kodal Minerals Plc | LSE:KOD | London | Ordinary Share | GB00BH3X7Y70 | ORD 0.03125P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.015 | 3.49% | 0.445 | 0.43 | 0.46 | 0.445 | 0.43 | 0.43 | 18,714,036 | 14:00:18 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Nonmtl Minrls, Ex Fuels | 0 | -1.46M | -0.0001 | -44.00 | 89.06M |
From May 2019 to May 2024
TIDMKOD
RNS Number : 8754F
Kodal Minerals PLC
22 May 2017
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
22 May 2017
Kodal Minerals plc ('Kodal Minerals' or 'the Company')
Issue of warrants
Kodal Minerals, the mineral exploration and development company focussed on West Africa, has today issued warrants over ordinary shares of 0.03125p in the Company ("Ordinary Shares") to SP Angel Corporate Finance LLP ("SP Angel"), the Company's broker and financial adviser (the "Warrants"). The Warrants have been issued to SP Angel for its additional services to the Company since its admission to AIM, including administrative and office services, and for its advice and assistance on the recent transaction with and investment by Suay Chin International Pte Ltd.
The Warrants are exercisable at a price of 0.38 pence per share, being the same price as the recently announced second investment by Suay Chin International Pte Ltd. and have a life of five years from vesting. 50 per cent. of the Warrants will vest immediately, with a further 25 per cent. vesting in one year and the remaining 25 per cent. vesting in two years' time.
The issue of Warrants to SP Angel represents a related party transaction under the AIM Rules for Companies due to Rob Wooldridge, a director of Kodal Minerals, being a partner of SP Angel. Accordingly, the independent directors of Kodal Minerals, being Luke Bryan and Bernard Aylward, consider, having consulted with the Company's nominated adviser, Allenby Capital Limited, that the terms of the issue of Warrants to SP Angel are fair and reasonable insofar as the Company's shareholders are concerned.
**ENDS**
For further information, please visit www.kodalminerals.com or contact the following:
Hot Features
Premium
Kodal Minerals plc
Bernard Aylward, CEO Tel: +61 418
943 345
Allenby Capital Limited, AIM Nominated
Adviser Tel: 020 3328
Jeremy Porter/Nick Harriss/Liz 5656
Kirchner
SP Angel Corporate Finance LLP,
Financial Adviser & Broker Tel: 020 3470
John Mackay 0470
St Brides Partners Ltd, Financial
PR Tel: 020 7236
Lottie Brocklehurst/Megan Dennison 1177
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCZLLFLDEFZBBD
(END) Dow Jones Newswires
May 22, 2017 10:49 ET (14:49 GMT)
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