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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.055 | 0.05 | 0.06 | 0.055 | 0.055 | 0.055 | 10,780,512 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 0 | -116k | 0.0000 | N/A | 4.26M |
TIDMALBA
RNS Number : 0430P
Alba Mineral Resources PLC
05 June 2020
Alba Mineral Resources plc
("Alba" or "the Company")
Issue of Ordinary Shares following Exercise of Conversion Rights
Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, announces that it has received a notice of exercise from Bergen Global Opportunity Fund, LP (the "Investor") in respect of the convertible security previously issued (as announced on 3 March 2020) pursuant to the convertible securities issuance deed ("the Deed") the terms of which were announced on 24 February 2020.
Under the Deed, as a result of this notice of exercise 81,250,000 ordinary shares (the "Conversion Shares") fall to be issued at a conversion price of 0.04p in accordance with the terms of the Deed.
Application will be made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on or around 12 June 2020. The Conversion Shares will rank pari passu in all respects with all existing ordinary shares in the Company .
Following admission of the Conversion Shares , the Company's enlarged issued share capital will comprise 4,142,101,946 ordinary shares with voting rights. This figure may 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 share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
For further information, please contact:
Alba Mineral Resources plc George Frangeskides, Executive Chairman +44 20 3907 4297 Cairn Financial Advisers LLP (Nomad) James Caithie / Liam Murray +44 20 7213 0880 First Equity Limited (Broker) Jason Robertson +44 20 7374 2212
Alba's Project and Investment Portfolio
Project (commodity) Location Ownership Mining Projects Amitsoq (graphite) Greenland 90% ----------- ---------- Clogau (gold) Wales 90% ----------- ---------- Inglefield (copper, cobalt, gold) Greenland 100% ----------- ---------- Limerick (zinc-lead) Ireland 100% ----------- ---------- Melville Bay (iron ore) Greenland 51% ----------- ---------- TBS (ilmenite) Greenland 100% ----------- ---------- Oil & Gas Investments Brockham (oil) England 5% ----------- ---------- 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.
END
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(END) Dow Jones Newswires
June 05, 2020 02:00 ET (06:00 GMT)
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