08:00 Wed 28 Mar 2018
Savannah Resources - Payment of Project Deferred Consideration
Payment of Portuguese Project Deferred Consideration
Exercise of Options
In addition, the Company announces that it has approved the issue of 1,500,000 new ordinary shares of
Issue of Milestone 1 Deferred Consideration - Further Detail
In accordance with the share purchase agreement dated
Milestone 2, being an obligation to issue a further 20,000,000 Ordinary Shares and to pay an additional AUD1.5 million (under the
Voting Rights and Regulatory Information
Application will be made for the 21,500,000 Option Shares and Deferred Equity Consideration, which will rank pari passu with the existing Ordinary Shares, to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective and dealings will commence at
Following Admission, the total issued share capital will consist of 659,983,722 Ordinary Shares. As such, the total number of voting rights in the Company will be 659,983,722 Ordinary Shares. This number may be used by shareholders 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 under the
*Milestone 1 - inadvertently described as an Indicated Mineral Resource in the Company's
This Announcement contains inside information for the purposes of Article 7 of the Regulation (EU) 596/2014.
**ENDS**
For further information please visit www.savannahresources.com or contact:
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Tel: +44 20 7117 2489 |
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Tel: +44 20 3861 6625 |
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finnCap Ltd |
Tel: +44 20 7220 0500 |
(Financial PR) |
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Tel: +44 20 7236 1177 |
About Savannah
We are a diversified resources group (AIM: SAV) with a portfolio of energy metals projects - lithium in
The group is listed and regulated on AIM and the Company's ordinary shares are also available on the Börse
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