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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oriole Resources Plc | LSE:ORR | London | Ordinary Share | GB00B0T29327 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.005 | 1.39% | 0.365 | 0.34 | 0.39 | 0.355 | 0.35 | 0.355 | 15,635,132 | 16:35:17 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 13k | -2.22M | -0.0011 | -3.18 | 6.98M |
TIDMORR
RNS Number : 6782A
Oriole Resources PLC
24 January 2024
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Exercise of Warrants and Total Voting Rights
Oriole Resources PLC (AIM: ORR) , the AIM-quoted exploration company focussed on West Africa announces that, following an exercise of warrants over ordinary shares in the Company (the "Exercise"), application has been made for 13,888,888 new ordinary shares of 0.1p each ("Ordinary Shares") in the Company to be admitted to trading on AIM on 29 January 2024 ("Admission"). The exercise price of the warrants is as set out below:
Instrument Exercise Price Number of New Ordinary Shares (pence) to be admitted Warrants 0.25 13,888,888 --------------- ------------------------------
The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, a total of 157,555,555 warrants and 264,526,245 options over Ordinary Shares (representing approximately 10.8 per cent. of the Company's enlarged issued share capital) remain outstanding.
Total Voting Rights
Following Admission, the Company's issued share capital will be 3,895,872,338 Ordinary Shares. This figure of 3,895,872,338 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 a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Following the publication of this announcement, this inside information is now considered to be in the public domain.
** ENDS **
For further information please visit www.orioleresources.com , @OrioleResources on Twitter, or contact:
Oriole Resources Plc Tel: +44 (0)20 7830 9650 Tim Livesey / Bob Smeeton / Claire Bay BlytheRay (IR/PR Contact) Tel: +44 (0)20 7138 3204 Tim Blythe / Megan Ray Grant Thornton UK LLP Tel: +44 (0)20 7383 5100 Samantha Harrison / Ciara Donnelly SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470 Ewan Leggat / Harry Davies-Ball
Notes to Editors:
Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa. It is focussed on early-stage exploration in Cameroon, where the Company has reported a Resource of 375,000 oz Au at 2.30g/t in the JORC Inferred category at its 82.2%-owned Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5m in signature payments (US$550,000 of which has already been received), up to US$8m in exploration expenditure, as well as JORC resource-based success payments.
At the more advanced Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has earned an initial 51% beneficial interest in the Senala Exploration Licence by spending US$4 million and has the option to spend up to a further US$4 million by 17 February 2024 to earn an additional 19% interest in the licence. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.
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.
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(END) Dow Jones Newswires
January 24, 2024 02:00 ET (07:00 GMT)
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