7 Oct 2015 08:00
North River Resources plc / Ticker: NRRP / Index: AIM / Sector: Mining
7 October 2015
North River Resources plc ("North River" or the "Company")
Director Holdings
North River Resources, the AIM quoted resource company focused on the Namib Lead-Zinc Project in Namibia, announces that, further to this morning's admission of the shares issued under the Open Offer, the Greenstone Placing and the Shortfall Placing (as defined in the Company's announcement yesterday) (together the "Phase One Fundraising"), the Directors have the following beneficial and non-beneficial shareholdings in the Company:
Director | Shareholding in the Company prior to completion of the Phase One Fundraising | Ordinary Shares subscribed for as part of the Phase One Fundraising*** | Shareholding in the Company post completion of the Phase One Fundraising | Percentage of issued share capital following completion of the Phase One Fundraising |
Brett Richards | 22,619,047 | 3,238,342 | 25,857,389 | 1.18% |
James Beams | - | 48,575,130 | 48,575,130 | 2.21% |
Keith Marshall | - | 10,000,000 | 10,000,000 | 0.45% |
Ken Sangster | - | 5,000,000 | 5,000,000 | 0.23% |
Mark Thompson | 28,571,429 | - | 28,571,429 | 1.30% |
Ding Chan* | 266,666,667 | - | 266,666,667 | 12.13% |
Mark Sawyer** | 564,858,446 | 94,649,198 | 659,507,644 | 29.99% |
* Held indirectly through Kalahari Gold Limited and Kalahari Diamonds Limited, each of which is a wholly owned subsidiary of Extract Resources Limited, which in turn is owned by Taurus Minerals Limited (Ms Ding Chan is the appointee of Taurus Minerals Limited).
** Held indirectly through Greenstone Resources L.P ("Greenstone"). Mark Sawyer does not have any direct interest in the Ordinary Shares or any options over Ordinary Shares but is a founding partner of Greenstone. Greenstone also holds the Tranche One Notes (as defined in the Company's announcement yesterday), pursuant to the terms of the Greenstone Placing.
*** The Ordinary Shares were subscribed for at a price of 0.2 pence per Ordinary Share, which is the same price as the Open Offer was completed at.
For further information please visit www.northriverresources.com or contact:
James Beams | North River Resources Plc | Tel: +44 (0) 20 7025 7047 |
Andrew Emmott / Ritchie Balmer | Strand Hanson Limited | Tel: +44 (0) 20 7409 3494 |
Jonathan Williams / Kim Eckhof | RFC Ambrian Limited | Tel: +44 (0) 20 3440 6800 |
Elisabeth Cowell / Lottie Brocklehurst | St Brides Partners Limited | Tel: +44 (0) 20 7236 1177 |
**ENDS**