Cornish Metals Inc. PDMR DEALINGS (9115F)
10 Noviembre 2022 - 01:01AM
UK Regulatory
TIDMCUSN
RNS Number : 9115F
Cornish Metals Inc.
10 November 2022
CORNISH METALS ANNOUNCES PDMR DEALINGS
Vancouver, November 10, 2022
Cornish Metals Inc. (TSX-V/AIM: CUSN) ("Cornish Metals" or the
"Company"), a mineral exploration and development company focused
on its projects in Cornwall, United Kingdom, was informed by Owen
Mihalop (Chief Operating Officer) that he has sold 25,000 common
shares ("Disposed Shares") at a price of 14.25 pence per common
share:
PDMR Shares sold Resultant shareholding Resultant percentage
shareholding
Owen Mihalop
(Chief Operating
Officer) 25,000 225,000 0.04%
------------ ----------------------- ---------------------
Mr Mihalop acquired the Disposed Shares through the exercise of
share options as announced on October 13, 2022. Mr Mihalop has sold
the Disposed Shares pursuant to an exception in the directors'
lock-in agreement dated March 28, 2022 to which he is a party which
permits certain disposals of shares following the exercise of
options or warrants.
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail.
Details of the person discharging managerial
1 responsibilities / person closely associated
a) Name Owen Mihalop
-------------------------- --------------------------------------
Reason for the notification
2
------------------------------------------------------------------
a) Position/status Chief Operating Officer
-------------------------- --------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------------
Details of the issuer, emission allowance
3 market participant, auction platform, auctioneer
or auction monitor
------------------------------------------------------------------
a) Name Cornish Metals Inc.
-------------------------- --------------------------------------
b) LEI 8945007GJ5APA9YDN221
-------------------------- --------------------------------------
Details of the transaction(s): section to
4 be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------
a) Description Common shares without par value
of the financial
instrument,
type of instrument
Identification CA21948L1040
code
b) Nature of Disposal of common shares of no
the transaction par value each
-------------------------- --------------------------------------
c) Price(s) and
volume(s)
------------------- --------------
Price(s) Volume(s)
------------------- --------------
14.25 pence 25,000
--------------------------------------------------- --------------
d) Aggregated
information
- Aggregated As above
volume
- Price
e) Date of the November 9, 2022
transaction
-------------------------- --------------------------------------
f) Place of the Outside of a trading venue
transaction
-------------------------- --------------------------------------
Market Abuse Regulation (MAR) Disclosure
The information contained within this announcement is deemed by
the Company to constitute inside information pursuant to Article 7
of EU Regulation 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 as amended .
ABOUT CORNISH METALS
Cornish Metals completed the acquisition of the South Crofty tin
and United Downs copper / tin projects, plus additional mineral
rights located in Cornwall, UK, in July 2016 (see Company news
release dated July 12, 2016 ). The additional mineral rights cover
an area of approximately 15,000 hectares and are distributed
throughout Cornwall. Some of these mineral rights cover old mines
that were historically worked for copper, tin, zinc, and
tungsten.
For additional information please contact:
In North America:
Irene Dorsman at (604) 200 6664 or by e-mail at
irene@cornishmetals.com
SP Angel Corporate
Finance LLP
(Nominated Adviser
& Joint Broker) Tel: +44 203 470 0470
Richard Morrison
Charlie Bouverat
Grant Barker
Hannam & Partners
(Joint Broker) Tel: +44 207 907 8500
Matthew Hasson
Andrew Chubb
Ernest Bell
BlytheRay
(Financial PR/IR-London) Tel: +44 207 138 3204
Tim Blythe tim.blythe@blyther
ay .com
Megan Ray megan.ray@blyther
ay .com
ON BEHALF OF THE BOARD OF DIRECTORS
"Richard D. Williams"
Richard D. Williams, P.Geo
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release .
Caution regarding forward looking statements
This news release contains "forward-looking statements".
Forward-looking statements, while based on management's best
estimates and assumptions at the time such statements are made, are
subject to risks and uncertainties that may cause actual results to
be materially different from those expressed or implied by such
forward-looking statements, including but not limited to: risks
related to receipt of regulatory approvals, risks related to
general economic and market conditions; risks related to the
COVID-19 global pandemic and any variants of COVID-19 which may
arise; risks related to the availability of financing; the timing
and content of upcoming work programs; actual results of proposed
exploration activities; possible variations in Mineral Resources or
grade; failure of plant, equipment or processes to operate as
anticipated; accidents, labour disputes, title disputes, claims and
limitations on insurance coverage and other risks of the mining
industry; changes in national and local government regulation of
mining operations, tax rules and regulations.
Although Cornish Metals has attempted to identify important
factors that could cause actual results to differ materially from
those contained in forward-looking statements, there may be other
factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove
to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking
statements. Cornish Metals undertakes no obligation or
responsibility to update forward-looking statements, except as
required by law.
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END
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