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

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Pin to quick picksAlba Mineral Resources Regulatory News (ALBA)

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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Issue of Equity and Exercise of Conversion Rights

12 May 2020 07:00

RNS Number : 5628M
Alba Mineral Resources PLC
12 May 2020
 

Alba Mineral Resources plc

("Alba" or "the Company")

 

Issue of Ordinary Shares following Exercise of Conversion Rights

 

Alba Mineral Resources plc (AIM: ALBA), the diversified mineral exploration and development company, announces that it has received a notice of exercise from Bergen Global Opportunity Fund, LP (the "Investor") in respect of the convertible security previously issued (as announced on 3 March 2020) pursuant to the convertible securities issuance deed ("the Deed") the terms of which were announced on 24 February 2020.

 

Under the Deed, as a result of this notice of exercise 142,500,000 ordinary shares (the "Conversion Shares") fall to be issued at a conversion price of 0.04p in accordance with the terms of the Deed.

 

Application is being made for the Conversion Shares to be admitted to trading on AIM with admission expected to take place on or around 18 May 2020. The Conversion Shares will rank pari passu in all respects with all existing ordinary shares in the Company.

 

Following admission of the Conversion Shares, the Company's enlarged issued share capital will comprise 4,060,851,946 ordinary shares with voting rights. 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 Article 7 of EU Regulation 596/2014.

 

For further information, please contact:

 

Alba Mineral Resources plc

George Frangeskides, Executive Chairman

+44 20 3907 4297

 

Cairn Financial Advisers LLP (Nomad) 

James Caithie / Liam Murray

+44 20 7213 0880

 

First Equity Limited (Broker)

Jason Robertson

+44 20 7374 2212

 

 

Alba's Project and Investment Portfolio

 

Project (commodity)

Location

Ownership

Mining Projects

Amitsoq (graphite)

Greenland

90%

Clogau (gold)

Wales

90%

Inglefield (copper, cobalt, gold)

Greenland

100%

Limerick (zinc-lead)

Ireland

100%

Melville Bay (iron ore)

Greenland

51%

TBS (ilmenite)

Greenland

100%

Oil & Gas Investments

Brockham (oil)

England

5%

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.
 
END
 
 
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Date   Source Headline
28th Mar 20247:00 amRNSShare Placing
22nd Mar 20247:00 amRNSClogau Gold Mine Update
22nd Feb 20248:51 amRNSClogau Gold Mine and Regional Exploration Update
7th Feb 20247:00 amRNSGreenRoc ML Application and Licence Changes
31st Jan 20247:00 amRNSGreenRoc Update
18th Jan 202412:45 pmRNSClogau Gold Mine Update
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11th Dec 202310:40 amRNSHorse Hill Update
11th Dec 20237:00 amRNSGrant of Share Options
6th Dec 202312:21 pmRNSOperational and Corporate Update
1st Dec 20233:45 pmRNSHolding(s) in Company
22nd Nov 20238:51 amRNSGROC Update: Share Placing
13th Nov 20237:00 amRNSOperational Update
31st Oct 20237:07 amRNSInvestee Company Update
16th Oct 20237:00 amRNSInvestee Company Update
16th Oct 20237:00 amRNSOperational Update
9th Oct 20237:00 amRNSInvestee Company Update
18th Sep 20237:54 amRNSClogau Operational Update
24th Aug 20231:30 pmRNSLive Webinar Event
17th Aug 20237:00 amRNSHalf-year Report
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9th Aug 202311:00 amRNSHolding(s) in Company
2nd Aug 20237:00 amRNSGROC Update - Share Placing
27th Jul 20237:00 amRNSGROC Update - Progress at Amitsoq Graphite Project
24th Jul 202311:30 amRNSCompletion of Broker Option & Operational Update
5th Jul 20237:35 amRNSShare Placing
4th Jul 20237:00 amRNSGrant of Dewatering Permits at Welsh Gold Mine
30th May 202310:19 amRNSResult of AGM
24th May 20237:00 amRNSInvestor Q&A Hosted by VOX Markets
15th May 20237:00 amRNSGROC Update: Amitsoq, Virtual Presentation and Q&A
5th May 20234:00 pmRNSPublication of 2022 Annual Report & Notice of AGM
5th May 20237:00 amRNSFinal Results
2nd May 20233:00 pmRNSAppointment of Sole Broker
28th Mar 20238:03 amRNSHorse Hill Update
27th Mar 20237:00 amRNSOperational Update
24th Mar 20234:35 pmRNSPrice Monitoring Extension
24th Mar 20237:00 amRNSGROC Update - Full Year Results
13th Mar 20236:22 pmRNSHolding(s) in Company
6th Mar 20237:00 amRNSGROC update: MoU with Norwegian Mining Group, LNS
1st Mar 20232:00 pmRNSPrice Monitoring Extension
8th Feb 20232:05 pmRNSSecond Price Monitoring Extn
8th Feb 20232:00 pmRNSPrice Monitoring Extension
8th Feb 20237:00 amRNSGROC Update
23rd Jan 20237:00 amRNSGROC:Near Three Times Increase in Amitsoq Resource
20th Jan 20231:54 pmRNSOperational Update
20th Jan 20237:00 amRNSGROC Update - Project Updates
17th Jan 202311:05 amRNSSecond Price Monitoring Extn
17th Jan 202311:00 amRNSPrice Monitoring Extension
23rd Dec 20227:00 amRNSGROC Update - Close of Broker Option

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