Last checked at 5 Mar 2021 07:00
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
Exercise of Warrants and Total Voting Rights
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa announces that, following an exercise of warrants over ordinary shares in the Company (the 'Exercise'), application has been made for 3,250,000 new ordinary shares of 0.1p each ('Ordinary Shares') in the Company to be admitted to trading on AIM on 10 March 2021 ('Admission'). The exercise prices of the warrants are as set out below:
Instrument | Exercise Price (pence) | Number of New Ordinary Shares to be admitted |
Warrants | 0.68 | 3,250,000 |
The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, a total of 229,155,020 warrants and 82,309,579 options over Ordinary Shares (representing approximately 20.0 per cent. of the Company's enlarged issued share capital) remain outstanding.
Total Voting Rights
Following Admission, the Company's issued share capital will be 1,556,113,789 Ordinary Shares. This figure of 1,556,113,789 may be used by shareholders 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 in, the Company under the FCA's Disclosure and Transparency Rules.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Following the publication of this announcement, this inside information is now considered to be in the public domain.
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For further information please visit www.orioleresources.com, @OrioleResources on Twitter, or contact:
Oriole Resources PLC Bob Smeeton / Tim Livesey / Claire Bay
| Tel: +44 (0)20 7830 9650 |
Blytheweigh (IR/PR contact) Tim Blythe / Megan Ray / Rachael Brooks
| Tel: +44 (0)20 7138 3204 |
Grant Thornton UK LLP Samantha Harrison / Seamus Fricker / George Grainger
| Tel: +44 (0)20 7383 5100 |
Shard Capital Partners LLP Damon Heath / Erik Woolgar / Isabella Pierre
| Tel: +44 (0)20 186 9900 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8 million to earn a 70% interest. Year two commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.