Exercise of Warrants

RNS Number : 6476B

AfriTin Mining Ltd

11 January 2018

 

AfriTin Mining Limited

("AfriTin" or the "Company")

Exercise of Warrants

AfriTin has received notice from Bushveld Minerals Limited ("Bushveld") that a warrant holder has exercised its warrants over Bushveld warrants. In accordance with the terms of the Demerger Agreement between Bushveld and AfriTin dated 8 November 2017, the warrant holder is also entitled at the time of exercise to exercise the same number of warrants in AfriTin, for nil consideration, subject to the demerger ratio of 0.0899. Accordingly, the warrant holder is now entitled to 1,348 Ordinary Shares ("New Ordinary Shares") in AfriTin.

Application has been made to admit the New Ordinary Shares to trading on AIM and it is anticipated that the application will be effected and dealings will commence on 16 January 2018.

Following the issue of the shares, the total number of shares in issue on Admission will be 297,466,236 Ordinary Shares of no par value.  There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, AfriTin under the Disclosure and Transparency Rules.

 Enquiries:

AfriTin Limited
Anthony Vijoen (CEO)	[phone]
Nominated Adviser and Broker
WH Ireland Limited Katy Mitchell Adrian Hadden James Sinclair-Ford Joint Broker  Beaufort Securities Limited Jon Belliss	[phone] [phone]
Financial Public Relations
Tavistock
Jos Simson / Barney Hayward	[phone]

 

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