George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

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Alba Mineral Resources: High Clogau Gold Grades

Alba Mineral Resources: High Clogau Gold Grades

Share Price Information for Alba Mineral Resources (ALBA)

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Brockham Disposal

15 Jun 2021 07:00

RNS Number : 8667B
Alba Mineral Resources PLC
15 June 2021
 

Alba Mineral Resources plc

("Alba" or the "Company")

 

Brockham Disposal

Alba Mineral Resources plc (AIM: ALBA) announces that it has completed the disposal of its 5% interest in the Brockham Oil Field to the Operator, Angus Energy. The consideration, in settlement of certain back costs and a contribution toward eventual abandonment costs, involves the payment by Alba to Angus of £32,000 plus VAT, settled as to £6,400 in cash and £32,000 by the issue of 12,407,910 shares in Alba at the 10-day VWAP of 0.2579p per share.

The Alba Board is pleased to have completed this disposal, which is part of Alba's drive to rationalise its non-core assets.

Admission to AIM

Application will be made for the new ordinary shares which are to be issued to be admitted to trading on AIM ("Admission"). It is expected that Admission of the new ordinary shares will become effective at 8.00 a.m. on or around 18 June 2021. The new ordinary shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise rank on Admission pari passu in all respects with the existing ordinary shares.

Total Voting Rights

Following Admission, the total number of ordinary shares in issue will be 6,240,236,899. The Company does not hold any ordinary shares in treasury. Therefore, the total number of ordinary shares with voting rights will be 6,240,236,899. This figure 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 to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

 

For further information, please contact:

 

Alba Mineral Resources plc

George Frangeskides, Executive Chairman

+44 20 3950 0725

 

Cairn Financial Advisers LLP (Nomad)

James Caithie / Liam Murray 

+44 20 7213 0880

 

ETX Capital (Broker)

Thomas Smith

+44 20 7392 1494

 

 

 

Alba's Project and Investment Portfolio

Project (commodity)

Location

Ownership

Mining Projects

Amitsoq (graphite)

Greenland

90%

Clogau (gold)

Wales

90%

Gwynfynydd (gold)

Wales

100%

Inglefield (copper, cobalt, gold)

Greenland

100%

Limerick (zinc-lead)

Ireland

100%

Melville Bay (iron ore)

Greenland

51%

TBS (ilmenite)

Greenland

100%

Oil & Gas Investments

Horse Hill (oil)

England

11.765%

 

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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DISSFSESLEFSEIM
Date   Source Headline
3rd Mar 202010:15 amRNSIssue of Convertible Security
24th Feb 20207:00 amRNSInvestment Facility
19th Feb 202012:30 pmRNSHorse Hill Update
19th Feb 20207:00 amRNSAmitsoq Update
28th Jan 202012:29 pmRNSClogau Drilling Results
28th Jan 20207:00 amRNSHorse Hill Update
16th Jan 20207:00 amRNSMining Projects Update
23rd Dec 20197:00 amRNSHorse Hill Update
29th Nov 20191:30 pmRNSClogau Drilling Completion
27th Nov 20197:00 amRNSHorse Hill Update
14th Nov 20197:00 amRNSClogau Drilling Mobilisation
12th Nov 20197:00 amRNSHorse Hill Update
6th Nov 20192:54 pmRNSIssue of Equity
4th Nov 20197:34 amRNSHorse Hill Update
1st Nov 20197:00 amRNSUpdated Corporate Presentation
31st Oct 20192:06 pmRNSAmitsoq Update
22nd Oct 20197:00 amRNSHorse Hill Update
15th Oct 20199:00 amRNSHorse Hill Update
11th Oct 20192:28 pmRNSUpdated Corporate Presentation
11th Oct 201910:23 amRNSHorse Hill Update
9th Oct 20198:38 amRNSHorse Hill Update
8th Oct 20197:00 amRNSHorse Hill Update
30th Sep 20197:01 amRNSHorse Hill Update
24th Sep 20197:00 amRNSHorse Hill Update
12th Sep 20197:00 amRNSHorse Hill Update
11th Sep 201912:54 pmRNSHorse Hill Update
30th Aug 20197:00 amRNSHalf-year Report
21st Aug 20191:55 pmRNSOperational Update and Portfolio Review
6th Aug 201911:30 amRNSClogau Update and Change of Adviser (Broker)
1st Aug 20197:00 amRNSHorse Hill Update
28th Jun 20194:12 pmRNSBrockham Update - Alba Comment
28th Jun 201910:15 amRNSBrockham Update
18th Jun 20197:00 amRNSProject and Investment Update
11th Jun 20197:00 amRNSHorse Hill Update
4th Jun 20197:00 amRNSPlacing and Appointment of Joint Broker
3rd Jun 20197:00 amRNSBrockham Update
31st May 20192:00 pmRNSResult of AGM
29th May 20197:00 amRNSExpanded Areas of Gold Mineralisation at Clogau
17th May 20199:15 amRNSDrilling Commences at Limerick Project
17th May 20197:00 amRNSHorse Hill Update
14th May 20194:30 pmRNSCorporate Presentation
14th May 20193:55 pmRNSMaiden Mineral Resource Estimate for TBS Project
10th May 201910:35 amRNSBrockham Update
9th May 201912:00 pmRNSNatural Resources Investor Briefing
9th May 201911:00 amRNSNotice of AGM
3rd May 20194:01 pmRNSFinal Results
3rd May 20197:00 amRNSBrockham Update
29th Apr 201912:30 pmRNSClogau Sampling Results
11th Apr 20197:00 amRNSHorse Hill Update
10th Apr 201910:00 amRNSBrockham Update

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