Wolf Minerals Limited Issue of Equity and Change of Directors' Interests (4178J)

TIDMWLFE

RNS Number : 4178J

Wolf Minerals Limited

29 March 2018

29 March 2018

Wolf Minerals Limited

("Wolf" or the "Company")

Issue of Equity and Change of Directors' Interests

Issue of Shares

Wolf Minerals Limited announces that on 29 March 2018 a total of 672,000 fully paid ordinary shares of no par value ("the Shares") were issued.

A total of 672,000 Shares were issued to certain directors (or persons closely associated with them) in lieu of part fees for the quarter ended 31 March 2018 under the Company's Directors' Share Plan ("the Plan") as approved by shareholders on 28 November 2017. Under the Plan, non-executive directors receive a portion of their fees in shares, allowing the Company to preserve its cash reserves. These new shares were issued at a price of AUD $0.0625 (equivalent to approximately 3 pence) per Share.

 
                      Shares   Total resulting holding 
 Director             issued            in the Company    (%) 
------------------  --------  ------------------------  ----- 
 Mr John Hopkins 
  OAM                192,000                 1,735,350   0.16 
 Mr Ronnie Beevor     96,000                 1,050,678   0.10 
 Mr Don Newport       96,000                   700,678   0.06 
 Mr Nicholas 
  Clarke              96,000                   700,678   0.06 
 

96,000 Shares have been issued to each of Resource Capital Funds Management Pty Ltd and TTI (NZ) Limited under the Plan in respect of part director fees due to their respective Board representatives, Mr Chris Corbett and Mr Michael Wolley.

Application has been made for the 672,000 Shares to be admitted to AIM and on the Australian Securities Exchange ("ASX") ("Admission"). Admission to trading on AIM of these Shares is expected to become effective on 6 April 2018. The Shares will rank pari passu with the Company's existing Shares.

Following Admission, the number of ordinary shares on issue and admitted to trading on AIM and the ASX will be 1,089,368,830.

ENDS

 
 Wolf Minerals Limited 
                              + 44 (0) 17 5239 
 Richard Lucas                 3235 
 
 Numis Securities 
 John Prior / James           [phone] 
  Black / Paul Gillam          1000 
 
 Newgate 
                              [phone] 
 Adam Lloyd / Ed Treadwell     9850 
 

About Wolf Minerals

Wolf Minerals is a dual listed (ASX: WLF, AIM: WLFE) specialty metals producer. In 2015, Wolf Minerals completed the development of a large tungsten resource at its Drakelands Mine, located at Hemerdon, in southwest England.

This information is provided by RNS

The company news service from the London Stock Exchange

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March 29, 2018 06:48 ET (10:48 GMT)