23 Dec 2013 12:38
Herencia Resources plc
("Herencia" or "the Company")Notification of Interest and Shareholder Update
Following the issue of equity, Herencia has received notice that Shining Capital Management ("Shining") now directly holds 100 million ordinary shares in the Company representing approximately 4.7 % of the total issued share capital and voting rights of the Company.
Following the issue of the above equity, the total number of shares in issue is 2,143,960,817. There are no shares held in treasury, therefore the total number of voting rights in the Company is 2,143,960,817. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest under the Disclosure and Transparency Rules.
In respect of the Tranche Two funding, as announced on 13 November 2013, the Company is pleased to advise that due diligence is advancing with all site visits completed and technical reports due by month end. At this time it is anticipated that subject to those reports, funds will be received in mid-January 2014.
Maganging Director Graeme Sloan commented "The Tranche Two due diligence is progressing very well, albeit slightly delayed due to the availability of technical consultants and legal counsel as a result of the holiday period. We anticipate finalising the process in the new year with funds being received in January. At this time I would like to wish all our shareholders a safe and festive Holiday period and wish them the best for a Happy New Year."
For further information, please contact:
Graeme Sloan, Herencia Resources plc +61 8 9481 4204
Katy Mitchell, WH Ireland Limited +44 161 832 2174
Further background details on the Company can be found at www.herenciaresources.com
**ENDS**