Buy
Sell
Share Name Share Symbol Market Type Share ISIN Share Description
Mod Resources Limited LSE:MOD London Ordinary Share AU000000MOD3 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 22.50 0.00 0.00 0.00 0.00 0.00 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining - - - - 77

MOD Resources Limited Cancellation of Unlisted Options

23/10/2019 10:01am

UK Regulatory (RNS & others)


Mod Resources (LSE:MOD)
Historical Stock Chart


From May 2019 to May 2020

Click Here for more Mod Resources Charts.

TIDMMOD

RNS Number : 8553Q

MOD Resources Limited

23 October 2019

23 October 2019

MOD Resources Limited

("MOD" or the "Company")

Cancellation of Unlisted Options

MOD Resources Ltd (ASX/LSE: MOD) (the Company) advises that following the announcement on 9 October 2019 that the Scheme of Arrangement with Sandfire Resources NL (ASX:SFR) has become effective, the following unlisted options have been cancelled effective immediately in accordance with the Option Deed entered into with Sandfire Resources NL by MOD option holders;

-- 3,015,000 unlisted options exercisable at $0.457 on or before 30 January 2023, vesting 12 months from the date of issue and subject to a restriction period to 30 January 2022;

-- 3,015,000 unlisted options exercisable at $0.707 on or before 30 January 2023 vesting 24 months from the date of issue and subject to a restriction period to 30 January 2022;

-- 3,015,000 unlisted options exercisable at $0.907 on or before 30 January 2023 vesting 36 months from the date of issue and subject to a restriction period to 30 January 2022;

-- 5,030,000 unlisted options exercisable at $0.522 on or before 12 April 2023 vesting 36 months from the date of issue and subject to a restriction period to 12 April 2022 and

-- 3,630,000 unlisted options exercisable at $0.435 on or before 29 May 2023 vesting 36 months from the date of issue and subject to a restriction period to 29 May 2022.

Following cancellation of these Unlisted Options, the Company's capital structure is as follows;

 
   Number          Class 
 370,157,018       Fully Paid Ordinary Shares 
 
 

For and on behalf of the MOD Board.

 
Julian Hanna                Mark Clements 
 Managing Director           Executive Chairman and Company 
                             Secretary 
Jeff Sansom                 Jos Simson / Emily Moss (UK PR 
 Investor Relations          & IR) 
 E: IR@modresources.com.au   Tavistock 
 P: +61 (8) 9322 8233        P: +44 (0) 207 920 3150 
                             P: +44 (0) 778 855 4035 
                             E: MOD@tavistock.co.uk 
 

Subscribe at: www.modresources.com.au

About MOD Resources

MOD Resources Ltd (ASX/LSE: MOD) is a dual listed copper exploration and development company with a dominant land position within the Kalahari Copper Belt in Botswana. The Company is focussed on developing the 100% MOD owned T3 Copper Project, which has potential to be a high-margin, low-cost copper mine. In parallel with the progressing towards the development of the T3 Copper Project, MOD has undertaken substantial exploration programs across several priority drill targets and within untested areas of interesting and potentially significant Electromagnetic and Cu-Zn soil anomalies.

MOD and its in-country operating companies Tshukudu Metals Botswana (Pty) Ltd and Tshukudu Exploration (Pty) Ltd have a social licence to operate within Botswana as well as within the host community of Ghanzi. MOD continues to work collaboratively with Government regulators and members of the Ghanzi District community to ensure that any social investments and developments are targeted to create a positive and lasting legacy.

On 25 June 2019, the Company announced that Sandfire had made an offer to acquire 100% of MOD shares by way of a Scheme of Arrangement and on 1 October 2019, MOD shareholders approved the transaction at a General Meeting and a Scheme Meeting. The Scheme of Arrangement was approved by the Supreme Court of Western Australia on 8 October 2019.

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.

END

MSCEAPEDASXNFEF

(END) Dow Jones Newswires

October 23, 2019 05:01 ET (09:01 GMT)

1 Year Mod Resources Chart

1 Year Mod Resources Chart

1 Month Mod Resources Chart

1 Month Mod Resources Chart
ADVFN Advertorial
Your Recent History
LSE
MOD
Mod Resour..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20200529 14:08:36