Last checked at 12 Dec 2013 07:00
12 December 2013
Bushveld Minerals Ltd
("Bushveld or the "Company")
Issue of Equity
The Company has received application to exercise 7,917,823 warrants into ordinary shares of the Company. The warrants were issued during the recent fundraise for £1.25m. The warrants are priced at 5p and will realise a further £395,891.15 of net funds to the Company.
Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM from 8.00am on 17 December 2013 ("Admission").
Following Admission, there will be a total of 398,284,104 ordinary shares in issue. For the purposes of calculating Total Voting Rights shareholders may use this number as the total number of shares in issue from the date of Admission.
Enquiries: info@bushveldminerals.com
Bushveld Minerals Fortune Mojapelo | +27 (0) 11 268 6555 |
Fox Davies Jonathan Evans | +44 (0) 20 3463 5000 |
Tavistock Communications Jos Simson/ Nuala Gallagher | +44 (0) 20 7920 3150 |
Tielle Communications Stéphanie Leclercq | +27 (0) 83 307 7587 |
Notes to the editor
Bushveld Minerals Limited is a mineral development company with a portfolio of iron, tin and coal assets in Southern Africa. The Company owns the Bushveld Iron Ore Project and Mokopane Tin Project, both located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling 54.39% interest in ASX Lemur Resources that owns the Imaloto coal project in Madagascar.
Bushveld was admitted to the AIM Market of the London Stock Exchange in March 2012.