Metminco Limited Issue of Equity (7009M)

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RNS Number : 7009M

Metminco Limited

01 May 2018

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AIM Announcement 1 May 2018

Metminco Limited (the Company) (ASX: MNC; AIM: MNC) announces that, further to disclosure in various recent Company announcements, it has today:

-- issued 2,702,152 shares to Lanstead Capital L.P. at an issue price of AUD$0.008 to settle fees outstanding from the financing agreement dated on or about November 2016 ("Lanstead Shares").

-- issued, at no cost, 9,876,512 options to Redfield Asset Management Pty Ltd as agreed between the parties with an exercise price of AUD$0.011 and an expiry of 1 June 2020 ("Redfield Options"). The terms and conditions of these options are the same as those issued under the Entitlement Offer dated 23 March 2018.

At the upcoming Annual General Meeting shareholders will be asked to ratify this issue of the Lanstead Shares and Redfield Options. The Company will seek quotation of the Lanstead Shares and Redfield options on the ASX and has made an application for admission of these shares on AIM, with admission expected on or around 4 May 2018. The Company will have the following shares and options on issue:

   --     843,814,388 quoted ordinary shares 
   --     12,345,639 unlisted options of exercise price A$0.081 and expiry date 17 May 2019 
   --     12,345,639 unlisted options of exercise price A$0.081 and expiry date 25 May 2019 
   --     241,487,282 options of exercise price A$0.011 and expiry date 1 June 2020 

The figure of 843,814,388 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 to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 
 
   For further information, 
   please contact: 
   METMINCO LIMITED 
 Kevin Wilson                      Mob [phone] 
                                    355 
 Geoff Widmer                      Tel [phone] 
                                    3995 
 Graeme Hogan                      Office: +61 (0) 2 
                                    9460 1856 
 
 NOMINATED ADVISOR AND BROKER 
 RFC Ambrian 
 Australia 
 Andrew Thomson/Alena Broesder     Office: +61 (0) 2 
                                    9250 0000 
 
 United Kingdom 
 Charlie Cryer                     Office: +44 (0) 20 
                                    3440 6800 
 
 PUBLIC RELATIONS 
 Camarco 
  United Kingdom 
 Gordon Poole / Nick Hennis        Office: + 44 (0) 20 
                                    3757 4997 
 
 Media + Capital Partners 
 Australia 
 Luke Forrestal                    Office: +61 (0) 411 
                                    479 144 
 

Forward Looking Statement

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Metminco are forward-looking statements. When used in this announcement, forward-looking statements can be identified by words such as "anticipate", "believe", "could", "estimate", "expect", "future", "intend", "may", "opportunity", "plan", "potential", "project", "seek", "will" and other similar words that involve risks and uncertainties.

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management of Metminco that could cause Metminco's actual results to differ materially from the results expressed or anticipated in these statements.

The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Metminco does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

May 01, 2018 03:03 ET (07:03 GMT)