Wolf Minerals Limited Issue of Equity and Change of Directors' Interests (8843X)

TIDMWLFE

RNS Number : 8843X

Wolf Minerals Limited

11 May 2016

11 May 2016

Wolf Minerals Limited

("Wolf" or the "Company")

Issue of Equity and Change of Directors' Interests

Wolf Minerals Limited announces that on 10 May 2016, a total of 251,649 fully paid ordinary shares of no par value ("the Shares") were issued to certain directors in lieu of part fees for the quarter ended 31 March 2016 under the Company's Directors' Share Plan ("the Plan") as approved by shareholders on 21 November 2014 and 16 November 2015. Under the Plan, non-executive Directors receive a portion of their fees in shares, allowing the Company to preserve its cash reserves.

The new shares were issued at a price of 9 pence per Share.

 
                               Total resulting 
                      Shares        holding in 
 Director             issued       the Company    (%) 
------------------  --------  ----------------  ----- 
 Mr Ronnie Beevor     35,950           464,914   0.05 
 Mr John Hopkins      71,899           158,343   0.02 
 Mr Don Newport       35,950           114,914   0.01 
 Mr Nicholas 
  Clarke              35,950           114,914   0.01 
 

35,950 Shares have been issued to each of Resource Capital Funds Management Pty Ltd and TTI (NZ) Limited under the Plan in respect of part director fees due to their respective Board representatives, Mr Chris Corbett and Mr Michael Wolley.

Application has been made for the 251,649 Shares to be admitted to AIM and on the Australian Securities Exchange ("ASX") ("Admission"). Admission to trading on AIM is expected to become effective on 16 May 2016. The Shares will rank pari passu with the Company's existing Shares.

Following Admission, the number of ordinary shares in issue and admitted to trading on AIM and the ASX will be 984,078,694.

ENDS

Wolf Minerals Limited

Russell Clark [phone]

Numis Securities

   John Prior/James Black/Paul Gillam                                            [phone] 

Newgate

   Adam Lloyd / Ed Treadwell / Helena Bogle                                   [phone] 

About Wolf Minerals

Wolf Minerals is a dual listed ("ASX: WLF", "AIM: WLFE") specialty metals company. With global demand for tungsten rising and future global production expected to be constrained, Wolf Minerals has recently completed the development of a large tungsten resource at its Drakelands Mine, located at Hemerdon, in southwest England.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 11, 2016 03:00 ET (07:00 GMT)