Last checked at 2 Jan 2019 17:45
For Immediate Release London AIM
2 January 2019 Symbol: ARS
Exercise of Broker Warrants
Asiamet Resources Limited ("ARS" or the "Company") reports that Optiva Securities Limited, holder of 3,475,652 broker warrants exercisable at C$0.05 until expiry on 23 December 2018 ("Broker Warrants"), delivered notice of exercise on 18 December 2018. The Company has now received C$173,783 as a result of the exercise of the Broker Warrants.
Application has been made for the 3,475,652 common shares in ARS to be issued pursuant to the exercise of the Broker Warrants ("Broker Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission to AIM will become effective and dealings in the Broker Shares will commence on or around 8 January 2019. The Broker Shares will rank pari passu in all respects with the existing common shares in the Company.
Asiamet now has the following warrants on issue:
· 2,921,843 C$0.10 warrants expiring 13 April 2019
The total number of common shares outstanding after completion of the issue of the Broker Shares will increase from 998,773,721 to 1,002,249,373. This represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
ON BEHALF OF THE BOARD OF DIRECTORS
Peter Bird, Deputy Chairman and CEO
For further information, please contact:
-Ends-
Peter BirdDeputy Chairman and CEO, Asiamet Resources LimitedTelephone: +61 3 8644 1300Email: peter.bird@asiametresources.com
Tony ManiniExecutive Chairman, Asiamet Resources LimitedTelephone: +61 3 8644 1300Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Stephen.Allen@rfcambrian.com
Berenberg
Matthew Armitt, Sara MacGrath
Telephone: +44 20 3753 3142
Email: Matthew.Armitt@berenberg.com
Liberum
Clayton Bush, Kane Collings
Telephone: +44 7773 322679
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com