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IRON Ironveld Plc

0.09
-0.0525 (-36.84%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

Ironveld PLC Exercise of Warrants and Issue of Equity (5825Q)

01/03/2021 7:00am

UK Regulatory


Ironveld (LSE:IRON)
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From Mar 2019 to Mar 2024

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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.

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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(END) Dow Jones Newswires

March 01, 2021 02:00 ET (07:00 GMT)

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