CBH26 Jul 2018 09:55
Following confirmation that the Ministry of Mines in Cameroon has granted the Ngoila Nord, Ekok and D'jka exploration licences to wholly owned subsidiaries of CBH, CBA is now able to exercise the 300,000,000 Warrants ("First Consideration Warrants") over ordinary shares in the Company ("Ordinary Shares") exercisable at a price of 0.1p per share (being the nominal value of the Ordinary Shares)
.
Once the final 2 applications for exploration licences are granted to the subsidiaries of CBH, CBA will be able to exercise the 250,000,000 Warrants ("Second Consideration Warrants") over Ordinary Shares exercisable at a price of 0.65p per share
.
12 month lock in on shares issued but not warrants