Last checked at 30 Apr 2024 07:07
Oriole Resources PLC
('Oriole' or 'the Company')
Holding(s) in Company
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, has received the below notification from Lanstead Capital Investors LP, confirming that it now holds 662,064,545 ordinary shares in the Company, representing 16.99% of the issued share capital. This includes 0.17% of dilution related to the warrant exercise on 23 January 2024, where certain Directors converted their warrants to shares.
** ENDS **
For further information please visit www.orioleresources.com, @OrioleResources on Twitter,
or contact:
| |||||||||||||||||||
Notes to Editors:
Oriole Resources PLC is an AIM-listed gold exploration company, operating in West Africa. It is focussed on early-stage exploration in Cameroon, where the Company has reported a Resource of 375,000 oz Au at 2.30g/t in the JORC Inferred category at its 82.2%-owned Bibemi project and has identified multi-kilometre gold and lithium anomalism within the district-scale Central Licence Package project. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5 million in signature payments (which has already been received), up to US$8 million in exploration expenditure, as well as JORC resource-based success payments.
At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has recently completed a six-year earn-in to acquire an estimated 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million. A review of expenditure and discussions on the formation of a joint-venture company are currently underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could deliver future cash flow.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS | |||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Oriole Resources PLC | ||||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | |||||||
Non-UK Issuer |
| ||||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | |||||||
An acquisition or disposal of voting rights | X | ||||||
An acquisition or disposal of financial instruments | |||||||
An event changing the breakdown of voting rights | |||||||
Other (please specify)iii: | |||||||
3. Details of person subject to the notification obligationiv | |||||||
Name | Lanstead Capital Investors LP | ||||||
City and country of registered office (if applicable) | |||||||
4. Full name of shareholder(s) (if different from 3.)v | |||||||
Name | |||||||
City and country of registered office (if applicable) | |||||||
5. Date on which the threshold was crossed or reachedvi: | 26/04/2024 | ||||||
6. Date on which issuer notified (DD/MM/YYYY): | 30/04/2024 | ||||||
7. Total positions of person(s) subject to the notification obligation | |||||||
% of voting rights attached to shares (total of 8. A) | % of voting rights through financial instruments(total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights of issuervii | ||||
Resulting situation on the date on which threshold was crossed or reached | 16.99% | 0.00% | 16.99% | 3,895,872,338 | |||
Position of previous notification (if applicable) | 20.99% | 0 | 20.99% | ||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||||||
A: Voting rights attached to shares | |||||||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||||||
GB00B0T29327 | 662,064,545 | 0 | 16.99% | 0.00% | |||||||||
SUBTOTAL 8. A | 662,064,545 | 16.99% | |||||||||||
| |||||||||||||
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||||||
N/A | |||||||||||||
SUBTOTAL 8. B 1 | |||||||||||||
| |||||||||||||
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) | |||||||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||||||
N/A | |||||||||||||
| SUBTOTAL 8.B.2 | ||||||||||||
9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") | |||||||||||||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii | X | ||||||||||||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | |||||||||||||
Namexv | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | ||||||||||
N/A | |||||||||||||
| |||||||||||||
10. In case of proxy voting, please identify: | |||||||||||||
Name of the proxy holder | |||||||||||||
The number and % of voting rights held | |||||||||||||
The date until which the voting rights will be held | |||||||||||||
11. Additional informationxvi | |||||||||||||
Place of completion | LON |
Date of completion | 30/04/2024 |