Empire Metals Limited Exercise of Options & Issue of Equity (2276W)

TIDMEEE

RNS Number : 2276W

Empire Metals Limited

08 December 2023

Empire Metals Limited / LON : EEE / Sector: Natural Resources

8 December 2023

Empire Metals Limited

("Empire " or the "Company")

Exercise of Options & Issue of Equity

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, announces that it has received notification from an option holder to exercise options over 500,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 4 pence per share and 500,000 New Ordinary Shares at a price of 5.5 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the option holder for an aggregate cash value of GBP47,500.

Application for Admission

Application will be made to the London Stock Exchange for the new shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 14 December 2023.

Following Admission of the new shares as described above, the issued share capital of the Company will consist of 570,240,921 ordinary shares of no-par value. 570,240,921 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

**ENDS**

   For further information please visit www.empiremetals.co.uk   or contact: 
 
 Empire Metals Ltd                    Tel: [phone] 
  Shaun Bunn / Greg Kuenzel 
 S. P. Angel Corporate Finance LLP    Tel: [phone] 
  (Nomad & Broker) 
  Ewan Leggat / Adam Cowl 
                                     ------------------- 
 Shard Capital Partners LLP (Joint    Tel: [phone] 
  Broker) 
  Damon Heath 
                                     ------------------- 
 St Brides Partners Ltd (Financial    Tel: [phone] 
  PR) 
  Susie Geliher / Ana Ribeiro / Max 
  Bennett 
                                     ------------------- 
 

About Empire Metals Limited

Empire Metals is an AIM-listed (LON: EEE) exploration and resource development company with a project portfolio comprising copper, titanium and gold interests in Australia and Austria.

The Company's strategy is to develop a pipeline of projects at different stages in the development curve. Its current focus is on the Pitfield Project in Western Australia, which has demonstrated to contain a newly recognised giant mineral system that hosts a globally significant titanium discovery.

The Company also has two further exploration projects in Australia; the Walton Project in Western Australia, and the Stavely Project in the Stavely Arc region of Victoria, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.

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END

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(END) Dow Jones Newswires

December 08, 2023 09:36 ET (14:36 GMT)