Last checked at 27 Jun 2018 12:30
27 June 2018
Savannah Resources Plc
Exercise of Warrants
Savannah Resources plc (AIM:SAV) ('Savannah') or the 'Company'), the AIM quoted resource development company, announces that it has issued 398,810 new ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") at exercise price of 6 pence per (the "New Shares"), following the exercise of warrants.
Application will be made for the New Shares, which will rank pari passu with existing Ordinary Shares, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence at 8:00 a.m. on or around 3 July 2018.
Total Voting Rights & Regulatory Information
Following Admission, the total issued share capital of the Company will consist of 701,615,540 Ordinary Shares. This number may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
This Announcement contains inside information for the purposes of Article 7 of the Regulation (EU) 596/2014.
*ENDS*
For further information please visit www.savannahresources.com or contact:
David Archer | Savannah Resources plc | Tel: +44 20 7117 2489 |
David Hignell / Dugald J. Carlean (Nominated Adviser) | Northland Capital Partners Ltd | Tel: +44 20 3861 6625 |
Christopher Raggett / Camille Gochez (Broker) | finnCap Ltd | Tel: +44 20 7220 0500 |
Grant Barker (Equity Adviser) | Whitman Howard | Tel: +44 020 7659 1225 |
Charlotte Page / Lottie Wadham (Financial PR) | St Brides Partners Ltd | Tel: +44 20 7236 1177 |
About Savannah
We are a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in Portugal and copper in Oman - together with the world-class Mutamba Heavy Mineral Sands Project in Mozambique, which is being developed in a consortium with the global major Rio Tinto. We are committed to serving the interests of our shareholders and to delivering outcomes that will improve the lives of our staff and the communities we work with.
The group is listed and regulated on AIM and the Company's ordinary shares are also available on the Börse Stuttgart (SWB) under the ticker "SAV".