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Oriole Resources PLC - Issue of Warrants

RNS Number : 8457O
Oriole Resources PLC
03 June 2020
 

 

Oriole Resources PLC 

('Oriole Resources' or 'the Company' or 'the Group')

 

ISSUE OF WARRANTS

 

Following its annual general meeting held on 26 May 2020, Oriole Resources, the AIM-quoted exploration company focused on West Africa, announces that it has today issued 35,999,987 warrants for new Ordinary Shares ('Warrants') in relation to the placing announced on 2 March 2020. The Warrants will be exercisable at a price of 0.60 pence per ordinary share, any time in the two years to 2 June 2022.

 

Following the awards, the Company has 32,209,067 options and 48,469,987 warrants in issue, representing 10.5% of the issued Ordinary Share Capital.

 

The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

 

 

** ENDS **

 

 

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Following the publication of this announcement, this inside information is now considered to be in the public domain.

 

For further information please visit www.orioleresources.com,  @OrioleResources on Twitter, 

or contact:

 

 

Oriole Resources Plc

Tel: +44 (0)20 7830 9650

Tim Livesey / Bob Smeeton / Claire Bay




Blytheweigh (IR/PR Contact)

Tel: +44 (0)20 7138 3204

Tim Blythe / Megan Ray / Rachel Brooks




Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Samantha Harrison / Niall McDonald

WH Ireland

Adrian Hadden / Darshan Patel / Lydia Zychowska

 

Tel: +44 (0)20 7220 1666

Notes to Editors:

 

Oriole Resources PLC is an AIM-listed exploration company, focussed on West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. Year 2 commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.

.

 

 


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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Quick facts: Oriole Resources PLC

Price: 0.4696

Market: LSE
Market Cap: £4.1 m
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