Asiamet Resources Limited Exercise of Options (2141V)

TIDMARS

RNS Number : 2141V

Asiamet Resources Limited

19 July 2018

   For Immediate Release                           London AIM 
   19 July 2018                                              Symbol: ARS 

Exercise of Options

Asiamet Resources Limited ("ARS" or the "Company") reports that it has received notification from option holders to exercise options over 1,000,000 new common shares in the share capital of the Company (the "New Common Shares"). The Company has today issued the New Common Shares to the option holders and has received GBP70,000 at an exercise price of GBP0.07 per option as a result of the exercise of these options.

Application has been made for the New Common Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission to AIM will become effective and dealings in the New Common Shares will commence on or around 23 July 2018. The New Common Shares will rank pari passu in all respects with the existing common shares in the Company.

The total number of common shares outstanding after completion of the issue of the New Common Shares will increase from 937,025,250 to 938,025,250. This 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.

ARS now has the following options and warrants on issue:

   --      3,475,652 C$0.05 warrants expiring 23 December 2018 
   --      2,921,843 C$0.10 warrants expiring 13 April 2019 
   --      1,500,000 C$0.05 options expiring 6 October 2019 
   --      6,200,000 C$0.05 options expiring 31 August 2020 
   --      800,000 GBP0.12 options expiring 11 January 2021 
   --      6,550,000 C$0.065 options expiring 1 November 2021 
   --      2,000,000 GBP0.06 options expiring 20 February 2022 
   --      2,000,000 GBP0.08 options expiring 20 February 2022 
   --      2,000,000 GBP0.10 options expiring 20 February 2022 
   --      2,000,000 GBP0.12 options expiring 20 February 2022 
   --      11,700,000 GBP0.07 options expiring 5 October 2022 
   --      1,500,000 GBP0.13 options expiring 1 January 2023 
   --      1,500,000 GBP0.15 options expiring 1 January 2023 
   --      1,500,000 GBP0.17 options expiring 1 January 2023 

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Bird, Managing Director and CEO

For further information, please contact:

-Ends-

Peter Bird

Deputy Chairman and CEO, Asiamet Resources Limited

Telephone: [phone]

Email: [e-mail]

Tony Manini

Executive Chairman, Asiamet Resources Limited

Telephone: [phone]

Email: [e-mail]

FlowComms Limited

Sasha Sethi

Telephone: [phone]

Email: [e-mail]

Asiamet Resources Nominated Adviser

RFC Ambrian Limited

Andrew Thomson / Stephen Allen

Telephone: [phone]

Email: [e-mail] / [e-mail]

Optiva Securities Limited

Christian Dennis

Telephone: [phone]

Email: [e-mail]

Liberum Capital Limited

Neil Elliot, Clayton Bush, Kane Collings

Telephone: [phone]

Email: [e-mail]

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 [e-mail] or visit www.rns.com.

END

IOELLFIEDVIALIT

(END) Dow Jones Newswires

July 19, 2018 11:30 ET (15:30 GMT)