TIDMNRRP

RNS Number : 4862B

North River Resources Plc

07 October 2015

North River Resources plc / Ticker: NRRP / Index: AIM / Sector: Mining

7 October 2015

North River Resources plc ("North River" or the "Company")

Director Holdings

North River Resources, the AIM quoted resource company focused on the Namib Lead-Zinc Project in Namibia, announces that, further to this morning's admission of the shares issued under the Open Offer, the Greenstone Placing and the Shortfall Placing (as defined in the Company's announcement yesterday) (together the "Phase One Fundraising"), the Directors have the following beneficial and non-beneficial shareholdings in the Company:

 
 Director              Shareholding              Ordinary       Shareholding         Percentage 
                     in the Company     Shares subscribed     in the Company          of issued 
                           prior to           for as part    post completion      share capital 
                         completion          of the Phase       of the Phase          following 
                       of the Phase    One Fundraising***    One Fundraising         completion 
                    One Fundraising                                                of the Phase 
                                                                                One Fundraising 
----------------  -----------------  --------------------  -----------------  ----------------- 
 Brett Richards          22,619,047             3,238,342         25,857,389              1.18% 
----------------  -----------------  --------------------  -----------------  ----------------- 
 James Beams                      -            48,575,130         48,575,130              2.21% 
----------------  -----------------  --------------------  -----------------  ----------------- 
 Keith Marshall                   -            10,000,000         10,000,000              0.45% 
----------------  -----------------  --------------------  -----------------  ----------------- 
 Ken Sangster                     -             5,000,000          5,000,000              0.23% 
----------------  -----------------  --------------------  -----------------  ----------------- 
 Mark Thompson           28,571,429                     -         28,571,429              1.30% 
----------------  -----------------  --------------------  -----------------  ----------------- 
 Ding Chan*             266,666,667                     -        266,666,667             12.13% 
----------------  -----------------  --------------------  -----------------  ----------------- 
 Mark Sawyer**          564,858,446            94,649,198        659,507,644             29.99% 
----------------  -----------------  --------------------  -----------------  ----------------- 
 

* Held indirectly through Kalahari Gold Limited and Kalahari Diamonds Limited, each of which is a wholly owned subsidiary of Extract Resources Limited, which in turn is owned by Taurus Minerals Limited (Ms Ding Chan is the appointee of Taurus Minerals Limited).

** Held indirectly through Greenstone Resources L.P ("Greenstone"). Mark Sawyer does not have any direct interest in the Ordinary Shares or any options over Ordinary Shares but is a founding partner of Greenstone. Greenstone also holds the Tranche One Notes (as defined in the Company's announcement yesterday), pursuant to the terms of the Greenstone Placing.

*** The Ordinary Shares were subscribed for at a price of 0.2 pence per Ordinary Share, which is the same price as the Open Offer was completed at.

For further information please visit www.northriverresources.com or contact:

 
James Beams              North River Resources       Tel: +44 (0) 
                          Plc                         20 7025 7047 
Andrew Emmott / Ritchie  Strand Hanson Limited       Tel: +44 (0) 
 Balmer                                               20 7409 3494 
Jonathan Williams /      RFC Ambrian Limited         Tel: +44 (0) 
 Kim Eckhof                                           20 3440 6800 
Elisabeth Cowell /       St Brides Partners Limited  Tel: +44 (0) 
 Lottie Brocklehurst                                  20 7236 1177 
 

**ENDS**

This information is provided by RNS

The company news service from the London Stock Exchange

END

RDSFMMGGVNRGKZG

(END) Dow Jones Newswires

October 07, 2015 03:00 ET (07:00 GMT)

North River (LSE:NRRP)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025 Haga Click aquí para más Gráficas North River.
North River (LSE:NRRP)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025 Haga Click aquí para más Gráficas North River.