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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ironveld Plc | LSE:IRON | London | Ordinary Share | GB0030426455 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.0525 | -36.84% | 0.09 | 0.08 | 0.10 | 0.1425 | 0.085 | 0.1425 | 72,300,357 | 14:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Scrap & Waste Materials-whsl | 103k | -435k | -0.0001 | -9.00 | 3.54M |
TIDMIRON
RNS Number : 5825Q
Ironveld PLC
01 March 2021
Ironveld Plc
("Ironveld" or the "Company")
Exercise of Warrants and Issue of Equity
Ironveld announces the exercise of warrants for 17,500,000 ordinary shares with par value of 0.1p at a price of 0.3p per share in the share capital of the Company ("New Shares") for an aggregate consideration of GBP52,500.
The New Shares will rank pari passu with the existing shares and application has been made for the New Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Shares will commence at 8:00am on 4 March 2021.
Following Admission, Ironveld's Issued and Outstanding share capital will consist of 1,316,440,372 shares. The Company does not hold any shares in treasury. Shareholders may use this figure 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 Company.
Following this exercise the Company has 65,833,333 0.3p warrants in issue.
For further information, please contact:
Ironveld plc c/o Blytheweigh Martin Eales, Chief Executive Officer +44 20 7138 3204 finnCap (Nomad and Broker) Christopher Raggett / Charlie Beeson +44 20 7220 0500 Turner Pope (Joint Broker) Andrew Thacker / Zoe Alexander +44 20 3657 0050 Blytheweigh Tim Blythe / Megan Ray +44 20 7138 3204
NOTES TO EDITORS
Ironveld (IRON.LN) is the owner of Mining Rights over approximately 28 kilometres of outcropping Bushveld magnetite with a SAMREC compliant ore resource of some 56 million tons of ore grading 1,12% V2O5, 68,6% Fe2O3 and 14,7% TiO2.
The Definitive Feasibility Study published in April 2014 confirms the project's viability to deliver a Vanadium slag product for which the company has an offtake agreement as well a High Purity Iron product which commands a premium in the market place and Titanium slag containing commercial grades of titanium.
Ironveld is an AIM traded company. For further information on Ironveld please refer to www.ironveld.com.
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END
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(END) Dow Jones Newswires
March 01, 2021 02:00 ET (07:00 GMT)
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