Ironveld PLC Exercise of Warrants and Issue of Equity (5825Q)
01 Marzo 2021 - 1:00AM
UK Regulatory
TIDMIRON
RNS Number : 5825Q
Ironveld PLC
01 March 2021
Ironveld Plc
("Ironveld" or the "Company")
Exercise of Warrants and Issue of Equity
Ironveld announces the exercise of warrants for 17,500,000
ordinary shares with par value of 0.1p at a price of 0.3p per share
in the share capital of the Company ("New Shares") for an aggregate
consideration of GBP52,500.
The New Shares will rank pari passu with the existing shares and
application has been made for the New Shares to be admitted to
trading on AIM ("Admission"). It is expected that Admission will
become effective and dealings in the New Shares will commence at
8:00am on 4 March 2021.
Following Admission, Ironveld's Issued and Outstanding share
capital will consist of 1,316,440,372 shares. The Company does not
hold any shares in treasury. Shareholders may use this figure 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 Company.
Following this exercise the Company has 65,833,333 0.3p warrants
in issue.
For further information, please contact:
Ironveld plc c/o Blytheweigh
Martin Eales, Chief Executive Officer +44 20 7138 3204
finnCap (Nomad and Broker)
Christopher Raggett / Charlie Beeson +44 20 7220 0500
Turner Pope (Joint Broker)
Andrew Thacker / Zoe Alexander +44 20 3657 0050
Blytheweigh
Tim Blythe / Megan Ray +44 20 7138 3204
NOTES TO EDITORS
Ironveld (IRON.LN) is the owner of Mining Rights over
approximately 28 kilometres of outcropping Bushveld magnetite with
a SAMREC compliant ore resource of some 56 million tons of ore
grading 1,12% V2O5, 68,6% Fe2O3 and 14,7% TiO2.
The Definitive Feasibility Study published in April 2014
confirms the project's viability to deliver a Vanadium slag product
for which the company has an offtake agreement as well a High
Purity Iron product which commands a premium in the market place
and Titanium slag containing commercial grades of titanium.
Ironveld is an AIM traded company. For further information on
Ironveld please refer to www.ironveld.com.
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END
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