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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eenergy Group Plc | LSE:EAAS | London | Ordinary Share | GB00BJP1KD31 | ORD 0.3P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.90 | 6.80 | 7.00 | 6.90 | 6.90 | 6.90 | 56,106 | 07:36:25 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 22.1M | -1.43M | -0.0041 | -16.83 | 24.25M |
TIDMAXM
RNS Number : 3753X
Alexander Mining PLC
28 August 2015
Alexander Mining plc
("Alexander" or the "Company")
Subscription to raise GBP295,000
The Company is pleased to announce that it has raised GBP295,000 (the "Subscription") through the issue of 59,000,000 new ordinary shares of 0.1p each (the "Subscription Shares") at a price of 0.5p per share to existing shareholders. The proceeds of the Subscription will be used for general working capital purposes. In addition, Alexander has issued investors with one option per Subscription Share to subscribe for one ordinary share in the Company at an exercise price of 2.5p each (the "Options"). Both the Subscription Shares and the Options, once exercised, are subject to a two year hold period.
Ebullio Resources Fund (Cayman) ("Ebullio") has subscribed for 50,000,000 Subscription Shares and consequently its shareholding in the Company will be 60,000,000 representing 19.0 per cent. of the enlarged share capital of Alexander.
As a former substantial shareholder in Alexander, Ebullio is a related party of the Company and the Subscription constitutes a related party transaction as defined by Rule 13 of the AIM Rules for Companies. The directors of the Company, having consulted with Northland Capital Partners Limited, the Company's Nominated Adviser, consider that the terms of the Subscription are fair and reasonable in so far as the Company's shareholders are concerned.
Alexander has also issued a total of 1,000,000 new ordinary shares at a price of 0.60p per share to satisfy existing creditors (the "Creditor Shares").
Application has been made to the London Stock Exchange for admission of the Subscription Shares and the Creditor Shares to trading on AIM and dealings are expected to commence on 3 September 2015.
Martin Rosser, Chief Executive Officer said: "We appreciate the support of our existing shareholders who have participated in this fundraising. Ebullio's participation is especially valued as we have developed a close relationship together over the last few years. We also look forward to updating the market with developments regarding Ebullio's Sivas copper project in Turkey, as announced on 16 April 2015, where it has the potential to use Alexander's proprietary leaching technologies."
Total Voting Rights
Following admission of the Subscription Shares and the Creditor Shares, the Company will have a total of 315,910,288 ordinary shares in issue with each share carrying the right to one vote. The Company does not hold any shares in treasury. Therefore, the total number of ordinary shares with voting rights will be 315,910,288. 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 in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
Alexander Mining plc Martin Rosser Matt Sutcliffe Chief Executive Officer Executive Chairman Mobile: +44 (0) 7770 865 341 Mobile: +44 (0) 7887 930 758 Tel: +44 (0) 20 7292 1300 Email: mail@alexandermining.com Website: www.alexandermining.com Northland Capital Partners Limited Matthew Johnson / Gerry Beaney +44 (0) 20 7382 1100 (Corporate Finance) John Howes / Abigail Wayne (Corporate Broking)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
August 28, 2015 02:01 ET (06:01 GMT)
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