Landore Resources Limited (AIM:LND) announced on 3 July 2019 that it had raised gross proceeds of £250,000 through a subscription to raise through the issue of 35,714,286 new Ordinary Shares (the "Subscription Shares") in the Company at a price of 0.7 pence per new Ordinary Share (the "Subscription"), with the proceeds to be used to further fund the working capital of the Company and its exploration programme.
Application has been made to the London Stock Exchange for the 35,714,286 new Ordinary Shares to be admitted to trading on AIM and it is expected that dealings in the new Ordinary Shares will now commence on AIM at 8.00 a.m. on 23 July 2019 ("Admission").
Following Admission, the Company's enlarged issued share capital will consist of 1,238,772,922 Ordinary Shares with voting rights. Landore Resources does not hold any Ordinary Shares in treasury.The aforementioned figure of 1,238,772,922 Ordinary Shares 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, Landore Resources under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
For more information, please contact:
Landore Resources Limited
Bill Humphries, Chief Executive Officer
Tel: 07734 681262
Richard Prickett, Finance Director
Tel: 07775 651421
Cenkos Securities plc (Nominated Adviser and Sole Broker)
Derrick Lee / Beth McKiernan / Pete Lynch
Tel: 0131 220 6939
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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