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Wolf Minerals Ltd (WLFE)

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Friday 29 June, 2018

Wolf Minerals Ltd

Issue of Equity

RNS Number : 0247T
Wolf Minerals Limited
29 June 2018
 

 

29 June 2018

 

Wolf Minerals Limited

 ("Wolf" or the "Company")

 

Issue of Equity and Change of Directors' Interests

 

Issue of Shares

Wolf Minerals Limited announces that on 29 June 2018 a total of 715,503 fully paid ordinary shares of no par value ("the Shares") were issued.

A total of 715,503 Shares were issued to certain directors (or persons closely associated with them) in lieu of part fees for the quarter ended 30 June 2018 under the Company's Directors' Share Plan ("the Plan") as approved by shareholders on 28 November 2017. Under the Plan, non-executive directors receive a portion of their fees in shares, allowing the Company to preserve its cash reserves. These new shares were issued at a price of AUD $0.0587 (equivalent to approximately 3.3 pence) per Share.

Director

Shares issued

Total resulting holding in the Company

(%)

Mr John Hopkins  OAM

204,428

1,939,778

0.18

Mr Ronnie Beevor

102,215

1,152,893

0.11

Mr Don Newport

102,215

802,893

0.07

Mr Nicholas Clarke

102,215

802,893

0.07

102,215 Shares have been issued to each of Resource Capital Funds Management Pty Ltd and TTI (NZ) Limited under the Plan in respect of part director fees due to their respective Board representatives, Mr Chris Corbett and Mr Michael Wolley. 

Application has been made for the 715,503 Shares to be admitted to AIM and on the Australian Securities Exchange ("ASX") ("Admission"). Admission to trading on AIM of these Shares is expected to become effective on 5 July 2018. The Shares will rank pari passu with the Company's existing Shares.

Following Admission, the number of ordinary shares on issue and admitted to trading on AIM and the ASX will be 1,090,084,333.

ENDS

Wolf Minerals Limited

Richard Lucas                                                                                      + 44 (0) 17 5239 3235

Numis Securities

John Prior / James Black / Paul Gillam                                          +44(0)20 7260 1000

Newgate

Adam Lloyd / Ed Treadwell                                                                +44 (0) 20 7653 9850

 

About Wolf Minerals

Wolf Minerals is a dual listed (ASX: WLF, AIM: WLFE) specialty metals producer. In 2015, Wolf Minerals completed the development of a large tungsten resource at its Drakelands Mine, located at Hemerdon, in southwest England.


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