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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Mila Resources Plc | LSE:MILA | London | Ordinary Share | GB00BD4FCK53 | ORD GBP0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.70 | 0.65 | 0.75 | 0.70 | 0.70 | 0.70 | 1,864,208 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Miscellaneous Metal Ores,nec | 0 | -549k | -0.0010 | -7.00 | 3.76M |
TIDMMILA
RNS Number : 5126H
Mila Resources PLC
04 December 2020
Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources
4 December 2020
Mila Resources Plc ("Mila Resources" or "the Company")
Amendment to Terms of the Warrants
Mila Resources, a London Stock Exchange traded natural resource focused company, is pleased to announce that it has amended the terms of certain warrants granted at the time of its IPO on 7 October 2016 by extending the life of certain warrants. The series 1 warrants granted to the founders will expire on 31 December 2020 as scheduled.
Warrant Amendments
Warrant Current terms Revised terms Series 1 (Founders) Exercise price of 5p No revision - will and due to expire on lapse on 31 December 31 December 2020 2020 ---------------------- ---------------------- Series 2 Exercise price of 5p Expiration extended and due to expire on 31 December 2022 31 December 2020 ---------------------- ---------------------- IPO Investors Exercise price of 10p Expiration extended and due to expire on to 31 December 2022 31 December 2020 ---------------------- ----------------------
Mark Stephenson commented:
"I am mindful that we have long list of loyal shareholders that have supported the Company since its IPO in 2016 and continue to do so particularly with regard to our recently announced transaction with New Generation Minerals ("NGM"). Therefore, we have decided to vary the terms of the warrants to ensure our long standing shareholders are able to utilise their warrants following the closing of the transaction. Moreover, we are moving forward swiftly with NGM and the bulk of the due diligence has already been completed, therefore, we are targeting to approve the prospectus with the FCA early in the new year"
For further information please contact:
Mila Resources Plc Tel: +44 (0)1444 471 833 Mark Stephenson (Director) Brandon Hill Capital Limited Tel: +44 (0)20 3463 5000 Jonathan Evans (Corporate Finance) jonathan.evans@brandonhillcapital.com
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(END) Dow Jones Newswires
December 04, 2020 02:00 ET (07:00 GMT)
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