Last checked at 4 Aug 2020 07:00
4 August 2020
Arc Minerals Ltd
('Arc' or the 'Company')
Warrant Exercise
The Company is pleased to announce that it has received notification from a warrant holder to exercise warrants over a total of 1,029,412 new Ordinary Shares of no par value in the share capital of the Company (the 'Warrant Shares') at a price of 3 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the warrant holder for an aggregate cash value of £30,882.36.
Total Voting Rights
Application has been made to the London Stock Exchange plc for 1,029,412 new Ordinary Shares to be admitted to trading on the AIM market ("Admission") with Admission expected to occur on or around 7 August 2020. The new Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission, the total number of voting rights in the Company will be 977,919,686.
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
|