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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Alba Mineral Resources Plc | LSE:ALBA | London | Ordinary Share | GB00B06KBB18 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.005 | -7.14% | 0.065 | 0.065 | 0.075 | 0.07 | 0.07 | 0.07 | 19,968,496 | 16:35:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -2.04M | -0.0003 | -2.33 | 4.99M |
TIDMALBA
RNS Number : 6731K
Alba Mineral Resources PLC
03 September 2021
Alba Mineral Resources plc
("Alba" or the "Company")
Greenland Spin-Out IPO
Release of Schedule One for GreenRoc Mining Plc
Further to the announcements of 20 July and 31 August 2021 regarding the proposed divestment by Alba Mineral Resources plc (AIM: ALBA) of its Greenlandic mining assets into a separate AIM-quoted vehicle, the Company is pleased to announce the release today by AIM of a Schedule One announcement in respect of GreenRoc Mining Plc ("GreenRoc"), a link to which is provided here Schedule One - GreenRoc Mining Plc - 08:00:03 03 Sep 2021 - News article | London Stock Exchange .
The Schedule One announcement provides at least ten business days' notice of the expected date of GreenRoc's admission to trading on AIM ("Admission"), and sets out certain prescribed information, including the following:
- Gross funds expected to be raised on Admission: GBP5.12m - GreenRoc's expected market capitalisation on Admission: GBP11.1m
- GreenRoc's Board: Kirk Adams (CEO), George Frangeskides (Non-Executive Chairman), Jim Wynn (Finance Director), Mark Austin, Lars Brunner and Mark Rachovides (Non-Executive Directors)
- Expected date of Admission: mid-September 2021
As previously announced, in consideration of the divestment of its Greenlandic assets to GreenRoc, Alba is to receive GreenRoc shares valued at GBP6m on Admission, which shareholding is expected to represent 54.0% of the enlarged share capital of GreenRoc on Admission.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
Forward Looking Statements
This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the timing and granting of regulatory and other third party consents and approvals, uncertainties regarding the Company's or any third party's ability to execute and implement future plans, and the occurrence of unexpected events.
Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.
For further information, please contact:
Alba Mineral Resources plc George Frangeskides, Executive Chairman +44 20 3950 0725 Cairn Financial Advisers LLP (Nomad) James Caithie / Liam Murray +44 20 7213 0880 ETX Capital (Broker) Thomas Smith +44 20 7392 1494
Alba's Project and Investment Portfolio
Project (commodity) Location Ownership Mining Projects Amitsoq (graphite) Greenland 100% ----------- ---------- Clogau (gold) Wales 90% ----------- ---------- Gwynfynydd (gold) Wales 100% ----------- ---------- Inglefield (copper, cobalt, gold) Greenland 100% ----------- ---------- Limerick (zinc-lead) Ireland 100% ----------- ---------- Melville Bay (iron ore) Greenland 100% ----------- ---------- TBS (ilmenite) Greenland 100% ----------- ---------- Oil & Gas Investments Horse Hill (oil) England 11.765% ----------- ----------
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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September 03, 2021 03:08 ET (07:08 GMT)
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