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Arc Minerals Limited (ARCM)

Arc Minerals Limited

Exercise of Warrants & Issue of Equity
RNS Number : 5121R
Arc Minerals Limited
29 October 2019
 

29 October 2019

Arc Minerals Ltd

('Arc' or the 'Company')

Exercise of Warrants & Issue of Equity

Arc  announces that it has received notification from a warrant holder to exercise warrants over a total of 4,000,000 New Ordinary Shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 2 pence per share, which were granted on 3 November 2017. Accordingly, the Company has today issued the New Ordinary Shares to the warrant holder for an aggregate cash consideration of £80,000.

 

Application has been made for the Shares to be admitted to trading on the AIM market of the London Stock Exchange ('Admission'). The Shares will rank pari passu in all respects with the existing shares. Admission is expected to occur on or around 4 November 2019.

Total Voting Rights

Following the issue of the Shares, the total issued share capital of the Company will consist of 727,218,670 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 727,218,670 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company.

For more information visit www.arcminerals.com.

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.

**ENDS**

Contacts

Arc Minerals Ltd

Nick von Schirnding (Chairman)

 

+44 (0) 20 7917 2942

 

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Soltan Tagiev

 

+44 (0) 20 3470 0470

 

 


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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