Last checked at 9 Mar 2018 10:30
For Immediate Release London AIM
9 March 2018 Symbol: ARS
Exercise of Options
Asiamet Resources Limited ("ARS" or the "Company") reports that it has received notification from option holders to exercise options over 300,000 new common shares in the share capital of the Company (the "New Common Shares"). The Company has today issued the New Common Shares to the option holders and has received C$15,000 at an exercise price of C$0.05 per option as a result of the exercise of these options.
Application has been made for the New Common Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission to AIM will become effective and dealings in the New Common Shares will commence on or around 15 March 2018. The New Common Shares will rank pari passu in all respects with the existing common shares in the Company.
The total number of common shares outstanding after completion of the issue of the New Common Shares will increase from 859,213,550 to 859,513,550. 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.
ARS now has the following options and warrants on issue:
· 2,147,581 C$0.06 warrants expiring 26 April 2018
· 3,782,200 C$0.10 options expiring 1 July 2018
· 3,475,652 C$0.05 warrants expiring December 23, 2018
· 3,533,747 C$0.10 warrants expiring 13 April 2019
· 2,500,000 C$0.05 options expiring 6 October 2019
· 8,500,000 C$0.05 options expiring 31 August 2020
· 9,550,000 C$0.065 options expiring 1 November 2021
· 2,000,000 £0.06 options expiring 20 February 2022
· 2,000,000 £0.08 options expiring 20 February 2022
· 2,000,000 £0.10 options expiring 20 February 2022
· 2,000,000 £0.12 options expiring 20 February 2022
· 13,700,000 £0.07 options expiring 5 October 2022
· 1,500,000 £0.13 options expiring 1 January 2023
· 1,500,000 £0.15 options expiring 1 January 2023
· 1,500,000 £0.17 options expiring 1 January 2023
· 800,000 £0.12 options expiring 11 January 2021
ON BEHALF OF THE BOARD OF DIRECTORS
Peter Bird, Managing Director 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 AdviserRFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Stephen.Allen@rfcambrian.com
Optiva Securities LimitedChristian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Liberum Capital LimitedNeil Elliot, Clayton Bush, Kane Collings Telephone: +44 20 3100 2222Email: neil.elliot@liberum.com