CRA.L Regulatory News (CRA)

 Cradle Arc Plc / EPIC: CRA.L / Market: AIM / Sector: Mining

3 August 2018

Cradle Arc plc

("Cradle Arc", the "Company" or, together with its subsidiaries, the "Group")

Additional Warrant Exercise

Cradle Arc (AIM: CRA), the African focused base and precious metals exploration and production company, is pleased to announce that, further to its announcements of 1 August 2018, it has received further acceptances to its Warrant Acceleration offer, from the holders of, in aggregate, 1,426,737 April and June 2018 Warrants, raising, in aggregate, approximately £0.07 million (approximately US$0.09 million) before expenses. The deadline for the Warrant Acceleration offer was 1 August 2018 and the acceptance period has therefore now lapsed.

Accordingly, 1,426,737 new Ordinary Shares will be issued pursuant to the early exercise of the April and June 2018 Warrants and 954,488 new Ordinary Shares will be issued pursuant to the related par value subscription.

Additional Information

The 2,381,225 new Ordinary Shares to be issued pursuant to the abovementioned additional acceptances of the Warrant Acceleration (the "Additional Warrant Exercise Shares") will, when issued, be credited as fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares, including the right to receive all dividends and other distributions declared after the date of their issue.

In addition to the 65,652,968 new Ordinary Shares for which application for admission to trading on AIM has been made pursuant to the Company's announcement of 1 August 2018, a further application has been made for the admission of the Additional Warrant Exercise Shares to trading on AIM, with such admission expected to become effective and dealings commence at 8.00 a.m. on 7 August 2018. Following admission, the enlarged issued share capital of the Company will comprise 276,391,999 Ordinary Shares and, accordingly, the total number of voting rights will be 276,391,999.

The above figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Cradle Arc under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used in this announcement shall have the same meanings as given to them in the Company's first announcement of 1 August 2018 and where amounts have been converted from GBP into US$ in this announcement, an exchange rate of 1.00GBP:1.31US$ has been used.

**ENDS**

For further information on the Company, please visit www.cradlearc.com or contact:

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014.