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Oriole Resources PLC - Exercise of Warrants/Options & Total Voting Rights

RNS Number : 5315M
Oriole Resources PLC
22 January 2021
 

Oriole Resources PLC 

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

 

Exercise of Warrants and Options and Total Voting Rights

 

Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa announces that, following an exercise of warrants and options over ordinary shares in the Company (the "Exercise"), application has been made for 18,349,792 new ordinary shares of 0.1p each ("Ordinary Shares") in the Company to be admitted to trading on AIM on 27 January 2021 ("Admission"). The exercise prices of the warrants and options are as set out below:

 

Instrument

Exercise Price (pence)

Number of New Ordinary Shares to be admitted

Warrants

0.60

264,126

Warrants

0.68

17,419,000

Options

0.37

666,666

 

The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.

 

Following Admission, a total of 296,965,977 warrants and 82,526,246 options over Ordinary Shares (representing approximately 25.5 per cent. of the Company's enlarged issued share capital) remain outstanding.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will be 1,488,086,165 Ordinary Shares. This figure of 1,488,086,165 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 FCA's Disclosure and Transparency Rules.

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.

 

 

** ENDS **

 

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

 

Oriole Resources PLC

Bob Smeeton / Tim Livesey / Claire Bay

 

Tel: +44 (0)20 7830 9650

Blytheweigh (IR/PR contact)

Tim Blythe / Megan Ray / Rachael Brooks

 

Tel: +44 (0)20 7138 3204

Grant Thornton UK LLP

Samantha Harrison / Seamus Fricker / George Grainger

 

Tel: +44 (0)20 7383 5100

Shard Capital Partners LLP

Damon Heath / Erik Woolgar / Isabella Pierre

 

Tel: +44 (0)20 186 9900

 

Notes to Editors:

 

Oriole Resources PLC is an AIM-listed exploration company, operating 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$8 million to earn a 70% interest. Year two 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.

 

 

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