www.herenciaresources.com
Herencia Resources plc is a multi-commodity development company listed on the Alternative Investment Market (‘AIM’) of the London Stock Exchange with a primary focus on developing its Paguanta Project in northern Chile. Herencia is progressing a Feasibility Study into the proposed Patricia Mine (zinc, silver, lead) within the Paguanta Project, with the goal of bringing the mine into production. Herencia is also focused on advancing exploration work on the Doris copper-silver prospect and the La Rosa porphyry-copper target in 2012. Herencia is also earning a 51% interest of the exciting Guamanga Copper-Gold Project in Chile. The Project has two components: a shallow, high grade copper-gold oxide target; and deeper, potential porphyry targets. Herencia has the backing of the global zinc group Nyrstar.
RNS Release - Director/PDMR Shareholding & Issue of Equity
Herencia Resources plc
(the "Company")
Directors Dealings and Issue of Equity
The Company announces the issue of 16,000,000 ordinary shares of 0.1p each in the capital of the
Company ("Ordinary Shares") pursuant to the exercise of options under the Company's Employees and Directors Share Option Scheme. As part of the Ordinary Shares issued pursuant to the exercise of the options, the following shares were issued to
directors of the Company or their nominees:-
Director/Nominee | No. of Options Exercised | Exercise Price | Ordinary Shares Issued | ||
Ralsten Pty Limited (nominee for John Moore) | 5,000,000 | 0.75p | 5,000,000 | ||
John Russell | 5,000,000 | 0.75p | 5,000,000 | ||
Charmaine Lobo (nominee for Michael Bohm) | 3,000,000 | 0.75p | 3,000,000 | ||
Charmaine Lobo (nominee for Michael Bohm) | 2,000,000 | 1.65p | 2,000,000 | ||
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Following the issue of these shares the number of ordinary shares in issue in the Company is 1,520,114,250 of which Michael Bohm has an interest in 35,126,249 Ordinary Shares representing 2.31% of the total issued share capital of the Company, John Moore has an interest in 5,666,667 Ordinary Shares representing 0.37% of the total issued share capital of the Company and John Russell has an interest in 5,000,000 Ordinary Shares representing 0.33% of the total issued share capital of the Company.
Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings in the new ordinary shares are expected to commence on 8 December 2011.
The new Ordinary Shares will rank pari passu with the existing ordinary shares in issue. Following the exercise of the options, the number of ordinary shares in issue and the total number of voting rights has increased to 1,520,114,250. 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 to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.
For more information please contact:
Michael Bohm, Herencia Resources plc | +61 8 9481 4204 |
Katy Mitchell, WH Ireland Limited | +44 161 832 2174 |
Simon Courtenay, City Profile | +44 207 448 3244 |
This information is provided by RNS
