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Pin to quick picksEmpire Metals Regulatory News (EEE)

Share Price Information for Empire Metals (EEE)

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Exercise of Options & Issue of Equity

8 Dec 2023 14:36

RNS Number : 2276W
Empire Metals Limited
08 December 2023
 

Empire Metals Limited / LON: EEE / Sector: Natural Resources

 

8 December 2023

Empire Metals Limited

("Empire" or the "Company")

 

Exercise of Options & Issue of Equity

 

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, announces that it has received notification from an option holder to exercise options over 500,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 4 pence per share and 500,000 New Ordinary Shares at a price of 5.5 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the option holder for an aggregate cash value of £47,500.

 

Application for Admission

Application will be made to the London Stock Exchange for the new shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 14 December 2023. 

Following Admission of the new shares as described above, the issued share capital of the Company will consist of 570,240,921 ordinary shares of no-par value. 570,240,921 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.

**ENDS**

 

For further information please visit www.empiremetals.co.uk or contact:

Empire Metals Ltd

Shaun Bunn / Greg Kuenzel

Tel: 020 4583 1440

S. P. Angel Corporate Finance LLP (Nomad & Broker)

Ewan Leggat / Adam Cowl

Tel: 020 3470 0470

Shard Capital Partners LLP (Joint Broker)

Damon Heath

Tel: 020 7186 9950

St Brides Partners Ltd (Financial PR)

Susie Geliher / Ana Ribeiro / Max Bennett

Tel: 020 7236 1177

 

About Empire Metals Limited

Empire Metals is an AIM-listed (LON: EEE) exploration and resource development company with a project portfolio comprising copper, titanium and gold interests in Australia and Austria.

 

The Company's strategy is to develop a pipeline of projects at different stages in the development curve. Its current focus is on the Pitfield Project in Western Australia, which has demonstrated to contain a newly recognised giant mineral system that hosts a globally significant titanium discovery. 

 

The Company also has two further exploration projects in Australia; the Walton Project in Western Australia, and the Stavely Project in the Stavely Arc region of Victoria, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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