ARMADALE CAPITAL PLC: Conversion of CLNs, Exercise of Warrants and Issue of Equity
08 Junio 2020 - 5:45AM
UK Regulatory
TIDMACP
Armadale Capital Plc / Index: AIM / Epic: ACP / Sector:
Investment Company
8 June 2020
Armadale Capital Plc ('Armadale' or 'the Company')
Conversion of CLNs, Exercise of Warrants and Issue of Equity
Armadale Capital plc, the AIM quoted investment group focused on
natural resource projects in Africa, announces that it has received
notice to convert a total of GBP150,000 convertible loan notes
('CLN') into Armadale shares at a price of 3p per share, being
4,999,997 ordinary shares ('Ordinary Shares'). In addition to this,
Armadale has received warrant exercise notices over an aggregate of
9,265,960 Ordinary Shares at a price of 2.2p per share, providing
the Company with proceeds of GBP203,851.12.
Pursuant to the above, the Company has made application to the
London Stock Exchange to admit a total of 14,265,957 new ordinary
shares to trading on AIM ('New Ordinary Shares'). The New Ordinary
Shares will rank pari passu in all respects with the existing
Ordinary Shares. It is anticipated that the New Ordinary Shares
will be admitted to trading on AIM on or around 12 June 2020
('Admission').
Following Admission of the New Ordinary Shares, the Company's
issued share capital will comprise of 459,519,667 Ordinary Shares.
This figure 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 in their
interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
**ENDS**
Enquiries:
Armadale Capital Plc
Nick Johansen, Non-Executive Director
Tim Jones, Company Secretary +44 (0) 20 7236 1177
Nomad and Broker: finnCap Ltd
Christopher Raggett / Teddy Whiley +44 (0) 20 7220 0500
Joint Broker: SI Capital Ltd
Nick Emerson +44 (0) 1483 413500
Press Relations: St Brides Partners Ltd
Charlotte Page / Beth Melluish +44 (0) 20 7236 1177
Notes
Armadale Capital Plc is focused on investing in and developing a
portfolio of investments, targeting the natural resources and/or
infrastructure sectors in Africa. The Company, led by a team with
operational experience and a strong track record in Africa, has a
strategy of identifying high growth businesses where it can take an
active role in their advancement.
The Company owns the Mahenge Liandu graphite project in
south-east Tanzania, which is now its main focus. The Project is
located in a highly prospective region with a high-grade JORC
compliant Indicated and inferred mineral resource estimate of
59.48Mt @ 9.8% TGC, making it one of the largest high-grade
resources in Tanzania, and work to date has demonstrated Mahenge
Liandu's potential as a commercially viable deposit with
significant tonnage, high-grade coarse flake and near surface
mineralisation (implying a low strip ratio) contained within one
contiguous ore body.
Other assets Armadale has an interest in, include the Mpokoto
Gold project in the Democratic Republic of Congo and a portfolio of
quoted investments.
More information can be found on the website
www.armadalecapitalplc.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20200608005267/en/
CONTACT:
Armadale Capital Plc
SOURCE: Armadale Capital Plc
Copyright Business Wire 2020
(END) Dow Jones Newswires
June 08, 2020 06:45 ET (10:45 GMT)
Armadale Capital (LSE:ACP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Armadale Capital (LSE:ACP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024