Last checked at 15 Nov 2021 07:00
Trading Symbols
AIM: UFO
FWB: I3A1
15 November 2021
Alien Metals Ltd
("Alien" or "the Company")
EXERCISE OF WARRANTS AND ISSUE OF EQUITY
Alien Metals Ltd (LSE AIM:UFO), a global minerals exploration and development company, is pleased to announce that, following the receipt of Exercise Notices, it has issued 1,400,000 ordinary shares of no par value in the capital of the Company at an issue price of 0.25 pence per share ("New Ordinary Shares"). The New Ordinary Shares will rank pari passu with the existing ordinary shares in issue and application will be made to the London Stock Exchange for 1,400,000 New Ordinary Shares to be admitted to trading on AIM. Admission of the New Ordinary Shares is expected to become effective at 08.00 on or around 19 November 2021.
Following Admission, the Company will have 3,902,181,625 ordinary shares of no par value in issue. The Company has no shares in treasury, therefore the figure of 3,902,181,625 should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
For further information please visit the Company's website at www.alienmetals.uk, or contact:
Alien Metals Limited Bill Brodie Good, CEO & Technical Director (via St-James' Corporate Services, Company Secretary) Tel: +44 20 7796 8644
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Beaumont Cornish Limited (Nomad) James Biddle / Roland Cornish www.beaumontcornish.com Tel: +44 (0) 207 628 3396
Turner Pope Investments (TPI) Limited (Joint Broker) Andy Thacker / James Pope Tel +44 (0)20 3657 0050
WH Ireland Ltd (Joint Broker) Harry Ansell / Katy Mitchell Tel +44 (0) 207 220 1666 |
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Yellow Jersey PR (Financial PR) Sarah Hollins / Annabel Atkins / Matthew McHale alienmetals@yellowjerseypr.com Tel: +44 (0) 20 3004 9512
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Notes to Editors
Alien Metals Ltd is a mining exploration and development company listed on AIM of the London Stock Exchange (LSE: UFO). The Company's focus is on precious and base metal commodities, with its operations located in proven mining jurisdictions and it has embarked upon an acquisition-led strategy headed by a high-quality geological team to build a strong portfolio of diversified assets.
In 2019, the company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and increased its holding to 90% in May 2021 while in 2020 acquired 100% of the Elizabeth Hill Silver Project, which consists of the Elizabeth Hill Historic Silver Mine Mining Lease and the surrounding Munni Munni North Exploration Tenement. The Australian projects are located in the world-renowned Pilbara region of Western Australia.
The Company also holds two silver projects, San Celso and Los Santos, located in Zacatecas State, Mexico's largest silver producing state, which produced over 190m oz of silver in 2018 alone, accounting for 45% of the total silver production of Mexico for that year. The Company holds a Copper Gold project in the same region, Donovan 2.
The company was also awarded an Exploration Licence in Greenland in late 2020, which surrounds the world class Citronen Zinc-Lead deposit.
In addition to progressing and developing its portfolio of assets and following its strategic review of its portfolio of silver and precious metals projects, Alien Metals has identified priority exploration targets within all of its projects which it is working to advance systematically.