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Athol Gold & Value (MAFL)

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Wednesday 08 February, 2012

Athol Gold & Value

Issue of Equity

RNS Number : 0820X
Athol Gold and Value Limited
08 February 2012
 



 



 

 

ATHOL GOLD AND VALUE LIMITED

 

("Athol" or the "Company")

 

ISSUE OF EQUITY

 

 

The Board of Athol is pleased to announce that it has acquired 3,000,000 warrants for shares in Ariana Resources plc, exercisable at 4.75p, for £5,000 payable in new shares in Athol.

 

Under the terms of the Transaction, the warrants have been acquired for a total consideration of £5,000, which will be satisfied by the issue of 1,515,152 new ordinary shares in Athol ("New Ordinary Shares") at 0.33p per share. 

 

Application has been made for 1,515,152 new Athol Shares to be admitted to AIM, which is expected to take place on 14 February 2012.  The New Ordinary Shares will, when issued, rank pari passu with the existing ordinary shares in issue.

 

Following admission, the Company's enlarged issued share capital will comprise 930,518,009 ordinary shares with one voting right per share.  The total number of voting rights in the Company is therefore 930,518,009.

 

 

For further information please call:



Athol Gold and Value Limited


Jennifer Allsop

+44 7788 541 744



 

Libertas Capital


Sandy Jamieson

 

+44 207 569 9650



XCAP Securities plc


John Grant / Jon Belliss

+44 207 101 7070

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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