MOD Resources Limited Update on Issue of Equity and TVR and Capital (5783X)

TIDMMOD

RNS Number : 5783X

MOD Resources Limited

01 May 2019

1 May 2019

MOD Resources Limited

("MOD" or the "Company")

Update on Issue of Equity and Total Voting Rights and Capital

MOD Resources Ltd, (ASX/LSE: MOD) advises that in accordance with FCA's Disclosure and Transparency Rule 5.6.1.(R), the Company confirms that as at 30 April 2019, the Company's issued share capital comprises 303,737,076 ordinary shares of no par value, with each share carrying the right to one vote. The Company does not hold any ordinary shares in treasury.

The above figure of 303,737,076 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interests in the Company under the FCA's Disclosure and Transparency Rules.

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For and on behalf of the Board.

 
Julian Hanna                Mark Clements 
 Managing Director           Executive Chairman and Company 
                             Secretary 
Jeff Sansom                 Jos Simson / Emily Fenton (UK 
 Investor Relations          PR & IR) 
 E: [e-mail]   Tavistock 
 P: [phone]        P: [phone] 
                             P: [phone] 
                             E: [e-mail] 
 

Subscribe at: www.modresources.com.au

About MOD Resources

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

The Company is continuing to engage with interested parties in relation to T3 funding opportunities and is targeting to begin development of the T3 Copper Project in 2H 2019, with a vision of commencing production in the mid-term while focussing on generating strong, consistent and predictable returns for shareholders.

MOD has a strong social licence to operate within Botswana as well as within the host community of Ghanzi. MOD will continue to work collaboratively with regulators and members of the Ghanzi District to ensure that any social investments and developments are targeted to create a positive and lasting legacy.

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May 01, 2019 02:00 ET (06:00 GMT)