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Result of General Meeting

4 May 2021 07:00

RNS Number : 3263X
Argos Resources Ltd
04 May 2021
 

 

4 May 2021

 

ARGOS RESOURCES LIMITED

("Argos" or "the Company")

 

Result of General Meeting

 

On 7 April 2021 Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin announced that the Company had conditionally raised US$550,000 through a subscription by certain new shareholders and Ian Thomson, Executive Chairman of the Company. The Fundraise was conditional on the passing of the Resolutions at a General Meeting. The Company is pleased to announce that the General Meeting was held in the Falkland Islands on Friday 30 April 2021 and all Resolutions were duly passed by Shareholders.

The Company announced on 27 April 2021 that the Falkland Islands Government has extended the second term of the Company's PL001 Licence by twelve months, to 1 May 2022. Following successful completion of the Fundraise, the Company intends to secure partners and commence exploration drilling as soon as possible.

Application has been made for the Subscription Shares to be admitted to trading on AIM ("Admission") and Admission is expected to take place on 5 May 2021.

 

Following Admission of the Subscription Shares, which rank pari passu to the Existing Ordinary Shares, the Company will have 235,141,206 ordinary shares of 2p each Ordinary Shares in issue, all of which have voting rights. Accordingly, this figure of 235,141,206 Ordinary Shares 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 under the FCA's Disclosure and Transparency Rules.

 

Subject to Admission occurring, all conditions associated with the Fundraise have now been satisfied and the net proceeds of the Fundraise, together with the Company's existing cash resources, will provide Argos with sufficient working capital until at least 1 May 2022.

 

Further details on the Fundraise are set out in the Circular dated 7 April 2021, which is available on the Company's website at www.argosresources.com. Capitalised terms in this announcement are as defined in the Circular.

 

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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END
 
 
ROMFLFESETIVIIL
Date   Source Headline
26th Sep 20237:00 amRNSCancellation - Argos Resources Limited
25th Sep 20237:00 amRNSResult of GM and Appointment of Joint Liquidators
22nd Sep 20231:12 pmRNSCompletion of Disposal of PL001 Licence Interests
19th Sep 20237:00 amRNSProposed Appointment of Liquidators & Cancellation
31st Aug 20235:10 pmRNSPosting of Circular and Notice of General Meeting
25th Aug 20237:00 amRNSUpdate on Disposal and Board Changes
18th Aug 20237:00 amRNSUpdate on Disposal and Cancellation
3rd Jul 20237:30 amRNSSuspension - Argos Resources Limited
28th Jun 20235:30 pmRNSArgos Resources
16th Jun 202310:52 amRNSUpdate on Disposal, Cancellation and Suspension
30th May 20237:00 amRNSResult of General Meeting and Cancellation Update
3rd May 20237:00 amRNSProposed Sale of PL001 Interests and Cancellation
28th Mar 20232:05 pmRNSSecond Price Monitoring Extn
28th Mar 20232:00 pmRNSPrice Monitoring Extension
22nd Mar 20234:40 pmRNSSecond Price Monitoring Extn
22nd Mar 20234:35 pmRNSPrice Monitoring Extension
22nd Mar 20232:05 pmRNSSecond Price Monitoring Extn
22nd Mar 20232:00 pmRNSPrice Monitoring Extension
20th Mar 20232:05 pmRNSSecond Price Monitoring Extn
20th Mar 20232:00 pmRNSPrice Monitoring Extension
17th Mar 20234:40 pmRNSSecond Price Monitoring Extn
17th Mar 20234:35 pmRNSPrice Monitoring Extension
17th Mar 20239:00 amRNSPrice Monitoring Extension
1st Mar 20232:05 pmRNSSecond Price Monitoring Extn
1st Mar 20232:00 pmRNSPrice Monitoring Extension
1st Mar 202311:05 amRNSSecond Price Monitoring Extn
1st Mar 202311:00 amRNSPrice Monitoring Extension
23rd Feb 20239:05 amRNSSecond Price Monitoring Extn
23rd Feb 20239:00 amRNSPrice Monitoring Extension
30th Jan 20234:40 pmRNSSecond Price Monitoring Extn
30th Jan 20234:35 pmRNSPrice Monitoring Extension
30th Jan 20232:05 pmRNSSecond Price Monitoring Extn
30th Jan 20232:00 pmRNSPrice Monitoring Extension
27th Jan 20232:05 pmRNSSecond Price Monitoring Extn
27th Jan 20232:00 pmRNSPrice Monitoring Extension
26th Jan 20232:05 pmRNSSecond Price Monitoring Extn
26th Jan 20232:00 pmRNSPrice Monitoring Extension
19th Dec 20224:40 pmRNSSecond Price Monitoring Extn
19th Dec 20224:35 pmRNSPrice Monitoring Extension
16th Dec 20222:05 pmRNSSecond Price Monitoring Extn
16th Dec 20222:00 pmRNSPrice Monitoring Extension
16th Dec 202211:05 amRNSSecond Price Monitoring Extn
16th Dec 202211:00 amRNSPrice Monitoring Extension
16th Dec 20227:00 amRNSResult of AGM
15th Dec 20227:01 amRNSProposed Sale of Licence PL001 Interests to JHI
15th Dec 20227:00 amRNSExtension of Falkland Islands Production Licence
14th Nov 20224:41 pmRNSSecond Price Monitoring Extn
14th Nov 20224:35 pmRNSPrice Monitoring Extension
14th Nov 20223:00 pmRNSNotice of Annual General Meeting
19th Oct 20224:40 pmRNSSecond Price Monitoring Extn

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