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12 Apr 2021 07:00
Argos Resources Limited
Director / PDMR Dealing
On 7th April 2021 Argos Resources Limited (AIM: ARG.L) announced that it had conditionally raised gross proceeds of US$550,000 (approximately £400,000) through the issue of 14,428,001 Subscription Shares at a price equivalent to 2.75 pence each (the "Subscription Price") from certain new shareholders and Ian Thomson, Executive Chairman of the Company (the "Fundraise").
Pursuant to the Fundraise, Mr Thomson conditionally subscribed for a total of 6,558,182 new ordinary shares at the Subscription Price. The Subscription Shares are expected to be issued and admitted to trading on AIM on or around 5 May 2021, subject to satisfaction of the conditions required for completion of the Fundraise. Following the issue of the Subscription Shares, Mr Thomson will be interested in a total of 35,102,883 ordinary shares, representing 14.93% per cent. of the issued share capital of the Company.
Further details are disclosed below in accordance with Article 19 of the EU Market Abuse Regulation.
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1 | Details of the person discharging managerial responsibilities / person closely associated | |||||||
a) | Name | Ian Thomson | ||||||
2. | Reason for the Notification | |||||||
a) | Position/status | Executive Chairman | ||||||
b) | Initial notification/Amendment | Initial | ||||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Argos Resources Ltd | ||||||
b) | LEI | 213800JFBALNFGTAJM89 | ||||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||
a) | Description of the Financial instrument, type of instrument | Ordinary Shares of 2p each | ||||||
Identification code | FK0114538241 | |||||||
b) | Nature of the transaction | Conditional Subscription | ||||||
c) | Price(s) and volume(s) |
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d) | Aggregated information: · Aggregated volume · Price |  6,558,182 Ordinary Shares £180,350.00 | ||||||
e) | Date of the transaction | 7 April 2021 | ||||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||||
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For further information:
Argos Resources Limited (+500 22685)
www.argosresources.com
Ian Thomson, Chairman
John Hogan, Managing Director
Cenkos Securities PLC
Neil McDonald (+44 131 220 6939)
Derrick Lee (+44 131 220 9100)
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