Issue of Warrants

RNS Number : 8457O

Oriole Resources PLC

03 June 2020

 

Oriole Resources PLC 

('Oriole Resources' or 'the Company' or 'the Group')

ISSUE OF WARRANTS

Following its annual general meeting held on 26 May 2020, Oriole Resources, the AIM-quoted exploration company focused on West Africa, announces that it has today issued 35,999,987 warrants for new Ordinary Shares ('Warrants') in relation to the placing announced on 2 March 2020. The Warrants will be exercisable at a price of 0.60 pence per ordinary share, any time in the two years to 2 June 2022.

Following the awards, the Company has 32,209,067 options and 48,469,987 warrants in issue, representing 10.5% of the issued Ordinary Share Capital.

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

** ENDS **

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. Following the publication of this announcement, this inside information is now considered to be in the public domain.

For further information please visit  www.orioleresources.com ,   @OrioleResources on Twitter,  

or contact:

Oriole Resources Plc	Tel: [phone]
Tim Livesey / Bob Smeeton / Claire Bay
Blytheweigh (IR/PR Contact)	Tel: [phone]
Tim Blythe / Megan Ray / Rachel Brooks
Grant Thornton UK LLP	Tel: [phone]
Samantha Harrison / Niall McDonald
WH Ireland Adrian Hadden / Darshan Patel / Lydia Zychowska	Tel: [phone]

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, focussed on 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$8m to earn a 70% interest. Year 2 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.

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