REG - Alien Metals Limited - EXERCISE OF OPTIONS AND ISSUE OF EQUITY

Alien MetalsAnnouncement

16/05/2023 12:30

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RNS Number : 6009Z  Alien Metals Limited  16 May 2023

16 May 2023

ALIEN METALS LIMITED

("Alien Metals" or "the Company")

 

EXERCISE OF OPTIONS AND ISSUE OF EQUITY

TVR

 

Alien Metals Limited, a minerals exploration and development company, is
pleased to announce that, following the receipt of an Exercise Notice, it has
issued 8,142,373 ordinary shares of no par value in the capital of the Company
at an issue price of 0.25 pence per share ("New Ordinary Shares").  The New
Ordinary Shares will rank pari passu with the existing ordinary shares in
issue and application will be made to the London Stock Exchange for 8,142,373
New Ordinary Shares to be admitted to trading on AIM. Admission of the New
Ordinary Shares is expected to become effective at 08.00 on or around 22 May
2023.

Following Admission, the Company will have 5,335,479,174 ordinary shares of no
par value in issue. The Company has no shares in treasury, therefore the
figure of 5,335,479,174 should be used by shareholders for the calculations
by which they will determine if they are required to notify their interest in,
or a change of their interest in, the share capital of the Company under the
FCA's Disclosure and Transparency Rules.

 

For further information please visit the Company's website
at www.alienmetals.uk (http://www.alienmetals.uk/) , or contact:

 

Alien Metals Limited

Guy Robertson, Executive Chairman

Tel: +44 (0) 20 7138 3204

 

Beaumont Cornish Limited (Nomad)

James Biddle / Roland Cornish

Tel: +44 (0) 207 628 3396

 

WH Ireland Ltd (Joint Broker)

Harry Ansell / Katy Mitchell

Tel +44 (0) 207 220 1666

 

BlytheRay (Financial PR)

Tim Blythe / Megan Ray / Said Izagaren

Tel: +44 (0) 20 7138 3204

 

Notes to Editors

 

Alien Metals Ltd is a mining exploration and development Company listed on the
AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is on
delivering a profitable, long life direct shipping iron ore operation based
out of the Pilbara in Western Australia. In 2019, the Company acquired 51% of
the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore
projects and in December 2022 moved to 90% legal and beneficial ownership. The
Company also acquired 100% the Vivash Gorge Iron Ore project in the west
Pilbara in July 2022.

The Company acquired 100% of the Elizabeth Hill Silver Project, which consists
of the Elizabeth Hill Historic Mining Lease and the 115km2 exploration
tenement around the mine.

In March 2022 the Company acquired 100% of the former joint venture interest
in the Munni Munni Platinum Group Metals and Gold Project in the West Pilbara,
Western Australia, one of Australia's major underexplored PGE and base metals
projects. Munni Munni holds a historic deposit containing 2.2Moz 4E PGM:
Palladium, Platinum, Gold, Rhodium.

The Company also holds silver, copper and base metal projects in various
locations around the world however is currently looking at the best way to
divest these for the benefit of shareholders.

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