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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Blencowe Resources Plc | LSE:BRES | London | Ordinary Share | GB00BFCMVS34 | ORD 0.5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.40 | 8.42% | 5.15 | 5.00 | 5.30 | 5.15 | 4.65 | 4.75 | 931,958 | 08:24:19 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Offices-holdng Companies,nec | 0 | -1.4M | -0.0067 | -7.69 | 10.78M |
TIDMBRES
RNS Number : 3486T
Blencowe Resources PLC
24 March 2021
Date: 24 March 2021
Blencowe Resources Plc
("Blencowe" or the "Company")
Warrant Exercise
Blencowe Resources, the natural resources company focused on development of the Orom-Cross Graphite Project in Uganda, is pleased to announce that it has received warrant exercise notices in respect of 437,500 ordinary shares (the "Warrant Shares") from warrant holders. The aggregate proceeds from the exercise of the Warrant Shares are GBP26,250.
An application has been made for the 437,500 ordinary shares of 0.5p to be admitted to trading on the London Stock Exchange with effect from 8.00 a.m. on 30 March 2021 ("Admission").
In accordance with the FCA's Disclosure Guidance and Transparency Rules, the Company confirms that following the issue of the Warrant Shares, the Company's enlarged issued ordinary share capital will comprise 117,318,283 Ordinary Shares. The Company does not hold any Ordinary Shares in Treasury. Therefore, following Admission, the above figure may be used by shareholders in the Company as the denominator for the calculations to determine if they are required to notify their interest in, or a change to their interest in the Company, under the FCA's Disclosure Guidance and Transparency Rules.
For further information please contact:
Blencowe Resources Plc www.blencoweresourcesplc.com Sam Quinn (London Director) info@blencoweresourcesplc.com +44 (0)1624 681 250 Investor Enquiries Tel: +44 (0) 7891 677 Sasha Sethi 441 sasha@flowcomms.com Brandon Hill Capital Limited Tel: +44 (0)20 3463 Jonathan Evans 5000 jonathan.evans@brandonhillcapital.com First Equity Limited Tel: +44 (0)20 7330 Jason Robertson 1883 jasonrobertson@firstequitylimited.com
Background
Orom-Cross is a potential world class graphite project both by size and end-product quality, with a high component of larger flakes identified from previous work performed. A 21-year Mining Licence was issued by the Ugandan Government in 2019 following extensive historical work on the deposit.
Orom-Cross presents as a large, shallow open pitable deposit, with an estimated resource in excess of 3 billion tonnes of graphite. Development of the resource is expected to benefit from a low strip ratio and free dig operations, thereby ensuring lower operating and capital costs.
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(END) Dow Jones Newswires
March 24, 2021 07:30 ET (11:30 GMT)
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