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AfriTin Mining Ltd (LON:ATM)

AfriTin Mining Ltd (LON:ATM)


Share Price
3.30 p
Change
0.1 (3.13 %)
Market Cap
£17.15 m
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AfriTin Mining Ltd RNS Release

Exercise of Warrants


RNS Number : 6476B
AfriTin Mining Ltd
11 January 2018
 

AfriTin Mining Limited

("AfriTin" or the "Company")

Exercise of Warrants

AfriTin has received notice from Bushveld Minerals Limited ("Bushveld") that a warrant holder has exercised its warrants over Bushveld warrants. In accordance with the terms of the Demerger Agreement between Bushveld and AfriTin dated 8 November 2017, the warrant holder is also entitled at the time of exercise to exercise the same number of warrants in AfriTin, for nil consideration, subject to the demerger ratio of 0.0899. Accordingly, the warrant holder is now entitled to 1,348 Ordinary Shares ("New Ordinary Shares") in AfriTin.

Application has been made to admit the New Ordinary Shares to trading on AIM and it is anticipated that the application will be effected and dealings will commence on 16 January 2018.

Following the issue of the shares, the total number of shares in issue on Admission will be 297,466,236 Ordinary Shares of no par value.  There are no Shares held in treasury. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, AfriTin under the Disclosure and Transparency Rules.

 Enquiries:

AfriTin Limited


Anthony Vijoen (CEO)

+27 (11) 268 6555



Nominated Adviser and Broker


WH Ireland Limited

Katy Mitchell

Adrian Hadden

James Sinclair-Ford

 

Joint Broker 

Beaufort Securities Limited

Jon Belliss

 

 

+44 (0) 207 220 1666

 

 

 

 

+44 (0) 207 382 8300

 

Financial Public Relations


Tavistock


Jos Simson / Barney Hayward

+44 (0) 207 920 3150

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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