leadf
logo-loader
RNS
viewAltona Energy

Altona Energy Plc - Issue of Equity

10 November 2020

ALTONA ENERGY PLC

(“Altona” or “the Company”)

ISSUE OF EQUITY

AND EXTENSION OF FUND RAISE

Altona (AQSE: ANR.PL), a mining exploration company with a focus on Rare Earth Element (“REE”) mining projects in , announces that the following issues of equity have been made:Africa

Admission and Total Voting Rights

Application has been made for the Shares, which will rank  with the Company's existing Ordinary Shares, to be admitted to trading on Aquis Stock Exchange ("Admission").  It is anticipated that Admission will become effective at on . pari passu8.00 a.m.11 November 2020

On Admission, the Company’s enlarged share capital and total voting rights in the Company will comprise 3,173,285. will hold an interest in 538,462 shares, or 17.0% in the Company, on Admission of the new shares. Mr Taylor-Wilkinson will hold a total interest of 815,709 shares, or 25.7% in the Company, on Admission of the new shares.Mr Wood

The Company has extended its current fund raise on the crowdfunding platform, NR Private Market () until Wednesday, , as it is finalising discussions with two different parties of investors who have expressed an interest to participate in the placing.https://www.nrprivatemarket.com/offering/altonaenergy25 November 2020

-ends-

For further information, please visit or contact:www.altonaenergy.com

Company Information

Altona is a mining exploration company focused on the evaluation, development and extraction of Rare Earth Element (REE) metals. 

The Company was admitted to trading on AIM on and was subsequently admitted to Aquis Stock Exchange (previously NEX) on .  A copy of its Admission documents dated can be accessed on its website, .  This website is where items can be inspected under Rule 75 of the Aquis Rules for Issuers, from .10 March 20051 February 20194 March 20051 February 2019www.altonaenergy.com

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1. , Non-Executive Chairman, has been issued with 538,462 ordinary
     shares in lieu of his first year’s Director’s fee. The shares have been
     issued at a price of 6.5p, in line with the current placing price.

  2. , Interim CEO, has been issued with 769,231
     ordinary shares in respect of deferred Director’s fees for the eight-month
     period from  to . The shares have been issued at
     a price of 6.5p, in line with the current placing price.Martin WoodChristian Taylor-Wilkinson1 August 201931 March 2020
Altona Energy plc
, Interim CEO             +44 (0) 7795 168 157
, Non-Executive Director           +61 (0)402 440 339

Alfred Henry Corporate Finance Ltd (Aquis Corporate
Adviser)
 /                           +44 (0) 20 3772 0021

Leander (Financial PR)                              +44 (0) 7795 168 157Christian Taylor-WilkinsonPhilip SutherlandJon IsaacsNick Michaels
1  Details of the person discharging managerial responsibilities/person
   closely associated

a) Name                                             

2  Reason for the notification

a) Position/status                                  Director & Interim CEO

b) Initial notification/ Amendment                  Initial notification

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a) Name                                             ALTONA ENERGY PLC

b) LEI                                              2138002A5GU9BFS2I491

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted

a) Description of the financial instrument, type of Ordinary Share
   instrument

   Identification code                              GB00BFZNKV91

b) Nature of the transaction                        Share Purchase

c) Price(s) and volume(s)
                                                    Price(s) Volume(s)

                                                    6.5p     769,231


d) Total Holding in Company                         815,709

e) Date of the transaction                          

f) Place of the transaction                         ANR.PL / AQSE



1  Details of the person discharging managerial responsibilities/person
   closely associated

a) Name                                             

2  Reason for the notification

a) Position/status                                  Non-Executive Chairman

b) Initial notification/ Amendment                  Initial notification

3  Details of the issuer, emission allowance market participant, auction
   platform, auctioneer or auction monitor

a) Name                                             ALTONA ENERGY PLC

b) LEI                                              2138002A5GU9BFS2I491

4  Details of the transaction(s): section to be repeated for (i) each type of
   instrument; (ii) each type of transaction; (iii) each date; and (iv) each
   place where transactions have been conducted

a) Description of the financial instrument, type of Ordinary Share
   instrument

   Identification code                              GB00BFZNKV91

b) Nature of the transaction                        Share Purchase

c) Price(s) and volume(s)
                                                    Price(s) Volume(s)

                                                    6.5p     538,462


d) Total Holding in Company                         538,462

e) Date of the transaction                          

f) Place of the transaction                         ANR.PL / AQSEChristian Taylor-WilkinsonMartin Wood10 November 202010 November 2020

Quick facts: Altona Energy

Price: -

Market: AQSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

9 min read