Information  X 
Enter a valid email address

Metminco Limited (MNC)

  Print   

Tuesday 01 May, 2018

Metminco Limited

Issue of Equity

RNS Number : 7009M
Metminco Limited
01 May 2018
 

`.

 

AIM Announcement                                                                                                   1 May 2018

 

Metminco Limited (the Company) (ASX: MNC; AIM: MNC) announces that, further to disclosure in various recent Company announcements, it has today:

 

·     issued 2,702,152 shares to Lanstead Capital L.P. at an issue price of AUD$0.008 to settle fees outstanding from the financing agreement dated on or about November 2016 ("Lanstead Shares").

·     issued, at no cost, 9,876,512 options to Redfield Asset Management Pty Ltd as agreed between the parties with an exercise price of AUD$0.011 and an expiry of 1 June 2020 ("Redfield Options").  The terms and conditions of these options are the same as those issued under the Entitlement Offer dated 23 March 2018.

At the upcoming Annual General Meeting shareholders will be asked to ratify this issue of the Lanstead Shares and Redfield Options. The Company will seek quotation of the Lanstead Shares and Redfield options on the ASX and has made an application for admission of these shares on AIM, with admission expected on or around 4 May 2018.  The Company will have the following shares and options on issue:

 

·     843,814,388 quoted ordinary shares

·     12,345,639 unlisted options of exercise price A$0.081 and expiry date 17 May 2019

·     12,345,639 unlisted options of exercise price A$0.081 and expiry date 25 May 2019

·     241,487,282 options of exercise price A$0.011 and expiry date 1 June 2020

The figure of 843,814,388 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

 

For further information, please contact:

METMINCO LIMITED



Kevin Wilson


Mob +61 (0)409 942 355

Geoff Widmer


Tel +61 (0) 3 9819 3995

Graeme Hogan


Office:  +61 (0) 2 9460 1856




NOMINATED ADVISOR AND BROKER



RFC Ambrian



Australia



Andrew Thomson/Alena Broesder


Office:  +61 (0) 2 9250 0000




United Kingdom



Charlie Cryer


Office:  +44 (0) 20 3440 6800




PUBLIC RELATIONS



Camarco

United Kingdom



Gordon Poole / Nick Hennis


Office:  + 44 (0) 20 3757 4997




Media + Capital Partners



Australia



Luke Forrestal


Office: +61 (0) 411 479 144

 

Forward Looking Statement

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Metminco are forward-looking statements.  When used in this announcement, forward-looking statements can be identified by words such as ''anticipate", "believe", "could", "estimate", "expect", "future", "intend", "may", "opportunity", "plan", "potential", "project", "seek", "will" and other similar words that involve risks and uncertainties.

 

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place.  Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management of Metminco that could cause Metminco's actual results to differ materially from the results expressed or anticipated in these statements.

 

The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Metminco does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing


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

a d v e r t i s e m e n t