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Share Name Share Symbol Market Type Share ISIN Share Description
Alien Metals Limited LSE:UFO London Ordinary Share VGG017351021 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.58 -20.14% 2.30 2.25 2.35 2.85 1.975 2.70 175,247,409 16:21:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.2 -0.2 - 71

Alien Metals Limited Exercise of Warrants and Issue of Equity

25/09/2020 7:00am

UK Regulatory (RNS & others)


Alien Metals (LSE:UFO)
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RNS Number : 0637A

Alien Metals Limited

25 September 2020

25 September 2020

ALIEN METALS LIMITED

("Alien Metals" or "the Company")

EXERCISE OF WARRANTS AND OPTIONS AND ISSUE OF EQUITY

Alien Metals Limited, a minerals exploration and development company, is pleased to announce that, following the receipt of Exercise Notices, it has issued 17,500,000 ordinary shares of no par value in the capital of the Company at an issue price of 0.15 pence per share and 4,800,000 new ordinary shares of no par value in the capital of the Company at an issue price of 0.25 pence per share ("New Ordinary Shares"). The New Ordinary Shares will rank pari passu with the existing ordinary shares in issue and application will be made to the London Stock Exchange for 22,300,000 New Ordinary Shares to be admitted to trading on AIM. Admission of the New Ordinary Shares is expected to become effective at 08.00 on or around 1 October 2020.

Following Admission, the Company will have 2,821,122,389 ordinary shares of no par value in issue. The Company has no shares in treasury, therefore the figure of 2,821,122,389 should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

For further information please visit the Company's website at www.alienmetals.uk , or contact:

 
 Alien Metals Limited                 First Equity Limited (Joint 
  Bill Brodie Good, CEO & Technical    Broker) 
  Director                             Jason Robertson 
  St James's Corporate Services,       Tel +44 (0)20 7374 2212 
  Company Secretary 
  Tel: +44 20 7796 8644 
 Beaumont Cornish Limited (Nomad)     Novum Securities Limited (Joint 
  James Biddle/ Roland Cornish         Broker) 
  www.beaumontcornish.com              Jon Belliss 
  Tel: +44 (0) 207 628 3396            Tel +44 (0)20 7399 9425 
 
   Blytheweigh (Financial PR)           Turner Pope Investments (TPI) 
   Megan Ray/Rachael Brooks             Limited (Joint Broker) 
   Tel: +44 (0) 207 138 3204            Andy Thacker / Zoe Alexander 
                                        Tel +44 (0)20 3657 0050 
 

Notes to Editors

Alien Metals Ltd is a mining exploration and development company listed on AIM of the London Stock Exchange (LSE: UFO). The Company's focus is on precious and base metal commodities.

Alien Metals has embarked upon an acquisition-led strategy headed by a high-quality geological team to build a strong portfolio of diversified assets including two recent acquisitions in 2019. These include the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and the Elizabeth Hill Silver projects both located in the Pilbara region, Western Australia.

In addition to progressing and developing its portfolio of assets and following its strategic review of its portfolio of silver and precious metals projects in Mexico, Alien Metals has identified priority exploration targets within its 9 mining concessions which it is working to advance systematically. The Company's silver projects are located in the Zacatecas State, Mexico's largest silver producing state which produced over 190m oz of silver in 2018 alone accounting for 45% of the total silver production of Mexico for that year.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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September 25, 2020 02:00 ET (06:00 GMT)

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