Tectonic Gold Plc Issue of Equity

 
TIDMTTAU 
 
17 June 2019 
 
                               TECTONIC GOLD PLC 
 
                      ("Tectonic Gold" or the "Company") 
 
                EQUITY CONSIDERATION FOR PROFESSIONAL SERVICES 
 
Tectonic Gold announces that application has been made for the admission of 
10,000,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares") to 
trading on the NEX Exchange Growth Market ("Admission").  These shares are 
being issued in consideration of professional services provided by a 
long-standing associate of the Company which has historically opted to receive 
payment in equity. Further, the associate has retained all equity issued to 
date. Admission is expected to occur on 20 June 2019. 
 
Following Admission, the Company will have 697,562,746 Ordinary Shares in 
issue, each share carrying the right to one vote. The Company does not hold any 
Ordinary Shares in treasury.  The total number of voting rights in the Company 
is therefore 697,562,746. 
 
The figure of 697,562,746 Ordinary Shares should be used by shareholders in the 
Company 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 Financial Conduct Authority's Disclosure and 
Transparency Rules. 
 
About Tectonic Gold: 
 
Tectonic Gold is a specialist gold exploration company, focused on the 
identification and delineation of large-scale, multimillion-ounce Intrusion 
Related Gold System ("IRGS") assets. Tectonic Gold holds a number of gold 
discoveries in the New England Orogen in Eastern Australia, a prolific gold 
region that is home to Australia's two largest gold production companies, 
Newcrest Mining and Evolution Mining. 
 
At the beginning of 2019 Tectonic Gold reached agreement with VAST Minerals 
Sands Pty Ltd ("VAST") to farm in to a 50% economic interest in VAST's diamond 
concession on the South African Government's Alexkor diamond mine. Tectonic 
plans to utilise cash flows from this project to fund further exploration and 
development of the Company's gold portfolio. 
 
All gold assets, namely the Biloela, Clermont and Mount Cassidy Projects in 
Queensland are 100% owned and operated by Tectonic Gold. 
 
Funds will be allocated to progressing the Mt Cassidy prospect during the 2019 
calendar year with some diamond drilling currently being planned to be 
undertaken at the Prospect under its existing drill for equity deal with 
Titeline Drilling. 7,500m of diamond drilling remains available on a 50% cash 
payment basis under this agreement. 
 
Mr. Brett Boynton, Managing Director - Tectonic Gold Plc 
 
"We are very pleased to have on-going balance sheet support from one of our key 
partners." 
 
The Directors of the Company accept responsibility for the contents of this 
announcement. 
 
For further information, please contact: 
 
Tectonic Gold plc                                              [phone] 
Brett Boynton 
Sam Quinn 
www.tectonicgold.com. 
@tectonic_gold 
 
NEX Exchange Corporate Adviser and Broker 
Peterhouse Capital Limited                                    [phone] 
Mark Anwyl 
 
Financial Adviser and Broker 
VSA Capital Limited                                           [phone] 
Andrew Raca - Corporate Finance 
Andrew Monk - Corporate Broking 
 
                                     Ends 
 
The information contained within this announcement is deemed by the Company to 
constitute inside information as stipulated under the Market Abuse Regulations 
(EU) No. 596/2014. Upon the publication of this announcement via a Regulatory 
Information Service, this inside information is now considered to be in the 
public domain. 
 
 
 
END 
 

(END) Dow Jones Newswires

June 17, 2019 03:22 ET (07:22 GMT)