Thu, 22nd Nov 2018 15:30
Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration
22 November 2018
Arc Minerals Ltd
('Arc' or the 'Company')
Exercise of Warrants & Issue of Equity
Arc Minerals announces that it has received notification from a warrant holder to exercise warrants over a total of 487,500 New Ordinary Shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 2.9 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the warrant holder for an aggregate cash value of £14,137.50.
Application has been made for the New Ordinary shares to be admitted to trading on the AIM market of the London Stock Exchange ('Admission'). Admission is expected to occur on or around 28 November 2018.
Total Voting Rights
Following the issue of the Shares, the total issued share capital of the Company will consist of 631,330,891 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 631,330,891 and 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 in their interest in, the share capital of the Company.
Arc Minerals Ltd
Nick von Schirnding (Chairman)
+44 (0) 20 7917 2942
SP Angel (Nominated Adviser & Broker)
Ewan Leggat / Lindsay Mair / Soltan Tagiev
+44 (0) 20 3470 0470
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.