Arc Minerals Limited - Drill for Equity Programme
('Arc' or the 'Company')
Drill for Equity Programme
The Company is pleased to announce that its drilling contractor in
This agreement governs the initial 10,000 metres of drilling and will be reviewed at the end of the current programme. The first allotment under this agreement is for 3,849,680 shares at an effective price of
Exercise of warrants
Arc further announces that it has received notification from a warrant holder to exercise warrants over a total of 1,041,667 New Ordinary Shares of no par value in the share capital of the Company (the 'Warrant Shares') at a price of
Application has been made in respect of both the Drilling Shares and the Warrant Shares (the 'Shares') to be admitted to trading on the AIM market of the
Total Voting Rights
Following the issue of the Shares, the total issued share capital of the Company will consist of 715,114,042 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of voting rights in the Company is 715,114,042 and this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change in their interest in, the share capital of the Company.
For more information visit www.arcminerals.com.
Investor Conference Call
The Company will host a shareholder conference call with Executive Chairman,
The following numbers are available to participate in this conference call:
Other local dial-ins can be provided upon request (email [email protected])
Please enter participant pin number 1053446# when prompted to do so.
Note that until the Q&A session has begun that all lines will initially be muted with the exception of Company management.
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
+44 (0) 20 7917 2942
SP Angel (Nominated Adviser & Broker)
+44 (0) 20 3470 0470
This information is provided by RNS, the news service of the
Quick facts: Arc Minerals Limited
Market Cap: £40.34 m
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