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SULA Sula Iron

0.06
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sula Iron LSE:SULA London Ordinary Share GB00B6Y3CV16 ORD 0.001P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.06 0.055 0.065 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sula Iron & Gold PLC Exercise of Warrants and Issue of Equity (1516P)

15/11/2016 7:01am

UK Regulatory


Sula Iron (LSE:SULA)
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TIDMSULA

RNS Number : 1516P

Sula Iron & Gold PLC

15 November 2016

15 November 2016

Sula Iron & Gold plc

("Sula" or the "Company")

Exercise of Warrants and Issue of Equity

Sula (AIM: SULA), the multi-commodity exploration company focused on Sierra Leone announces that it has today allotted and issued 78,125,000 new ordinary shares of 0.1 penny each in the capital of the Company at a price of 0.16 pence per share (the "Warrant Shares") further to the exercise of certain warrants. The gross proceeds of exercise amounted, in aggregate, to GBP125,000 which provides additional working capital for the Company.

The Company has made application for the Warrant Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00 a.m. on 17 November 2016. The Warrant Shares will be fully paid and will rank pari passu in all respects with the Company's existing ordinary shares.

For the purposes of the Disclosure and Transparency Rules, following Admission of the Warrant Shares, the Company's total issued ordinary share capital will consist of 1,300,681,454 ordinary shares of 0.1 penny each. This figure may be used by shareholders 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 Disclosure and Transparency Rules.

**ENDS**

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

For further information, please visit www.sulaironandgold.com or contact the following:

 
  Sula Iron & Gold plc                 +44 (0) 20 
    Roger Murphy (CEO)                   7583 8304 
   Strand Hanson Limited (Financial 
    and Nominated Adviser) 
    James Harris / Matthew Chandler     +44 (0) 20 
    / James Dance                        7409 3494 
   VSA Capital Limited (Broker)         +44 (0) 20 
    Andrew Raca                          3005 5000 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBIBLTMBMBBFF

(END) Dow Jones Newswires

November 15, 2016 02:01 ET (07:01 GMT)

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