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Share Name Share Symbol Market Type Share ISIN Share Description
Tertiary Minerals Plc LSE:TYM London Ordinary Share GB0008854563 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.23 0.22 0.24 0.23 0.23 0.23 126,513 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.2 -0.8 -0.2 - 2

Tertiary Minerals PLC Issue of Equity

03/07/2020 7:00am

UK Regulatory (RNS & others)


Tertiary Minerals (LSE:TYM)
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RNS Number : 9169R

Tertiary Minerals PLC

03 July 2020

3 July 2020

Tertiary Minerals plc ("Tertiary Minerals plc" or the "Company")

Issue of Equity

The Company announces that Precious Metal Capital Group LLC ("PMCG"), the subscriber under the share subscription deed details of which were announced on 2 April 2020, has requested that the Company issue 38,888,889 ordinary shares (the "Shares") to PMCG. The purchase price of the Shares (being 0.18 pence per share or an aggregate of GBP70,000) had been prepaid by PMCG as part of its lumpsum investment of GBP600,000 in the Company, announced on 2 April 2020 and made by PMCG on 7 April 2020. Shares in relation to GBP420,000 of that investment remain to be issued.

Application has therefore been made for the 38,888,889 ordinary shares to be admitted to trading on AIM with admission expected to take place on 8 July 2020. These ordinary shares will rank pari passu in all respects with all existing ordinary shares in the Company.

Following admission of the Shares, the Company's enlarged issued share capital will comprise 831,058,315 ordinary shares with voting rights. This figure of 831,058,315 ordinary shares 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 in their interest in, the share capital of the Company under the Disclosure Rules and Transparency Rules of the United Kingdom Financial Conduct Authority.

For more information please contact:

 
 Tertiary Minerals plc: 
 Patrick Cheetham, Executive 
  Chairman                        +44 (0) 1625 838 679 
                                 ------------------------------ 
 SP Angel Corporate Finance LLP 
  Nominated Adviser and Broker 
 Richard Morrison                 +44 (0) 203 470 0470 
                                 ------------------------------ 
 Caroline Rowe 
                                 ------------------------------ 
 Peterhouse Capital Limited 
  Joint Broker 
 Lucy Williams                   + 44 (0) 207 469 0930 
                                ------------------------------- 
 Duncan Vasey 
                                 ------------------------------ 
 
 

About Tertiary Minerals plc

Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-traded mineral exploration company building and developing a multi-commodity project portfolio - Industrial minerals, base and precious metals.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

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

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July 03, 2020 02:00 ET (06:00 GMT)

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