REG - Alien Metals Limited - Exercise of Warrants and Issue of Equity

Alien MetalsAnnouncement

13/04/2022 07:00

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RNS Number : 1704I  Alien Metals Limited  13 April 2022

 

 

Trading Symbols

AIM: UFO

FWB: I3A1

 

13 April 2022

ALIEN METALS LIMITED

("Alien Metals" or "the Company")

 

EXERCISE OF WARRANTS AND ISSUE OF EQUITY

 

Alien Metals Limited, a minerals exploration and development company, is
pleased to announce that, following the receipt of Exercise Notices, it has
issued 1,120,642 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 1,120,642
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 20 April
2022.

 

Following Admission, the Company will have 4,752,508,918 ordinary shares of no
par value in issue. The Company has no shares in treasury, therefore the
figure of 4,752,508,918 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                                                     Turner Pope Investments (TPI) Limited (Joint Broker)

 Bill Brodie Good, CEO & Technical Director                               Andy Thacker/James Pope

 Tel: +44 (0)20 3811 2144                                                 Tel +44 (0)20 3657 0050

 Beaumont Cornish Limited (Nomad)                                         WH Ireland Ltd (Joint Broker)

 James Biddle/ Roland Cornish                                             Harry Ansell / Katy Mitchell

 www.beaumontcornish.com (http://www.beaumontcornish.com/)                Tel +44 (0)20 7220 1666

 Tel: +44 (0)20 7628 3396
  Yellow Jersey PR (Financial PR)

 Sarah Hollins / Annabel Atkins/ James Lingfield

 alienmetals@yellowjerseypr.com (mailto:alienmetals@yellowjerseypr.com)

 Tel: +44 (0) 20 3004 9512

 

 

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
precious and base metal commodities, with its operations located in proven
mining jurisdictions and it has embarked upon an acquisition-led strategy
headed by a high-quality geological team to build a strong portfolio of
diversified assets. In 2019, the Company acquired 51% of the Brockman and
Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and with a
conditional agreement to increase its interest to 90% in May 2021 also being
put in place.

In 2020 the Company agreed to acquire 100% of the Elizabeth Hill Silver
Project, which consists of the Elizabeth Hill Historic Silver Mine Mining
Lease and the 150km2 exploration tenement around the mine. The Company also
holds two silver projects, San Celso and Los Campos, located in Zacatecas
State, Mexico, Mexico's largest silver producing state, which produced over
190m oz of silver in 2018 alone, accounting for 45% of the total silver
production of Mexico for that year. The Company also holds a Copper Gold
project in the same region, Donovan 2.

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 an historic deposit containing 2.2Moz 4E PGM:
Palladium, Platinum, Gold, Rhodium.

The Company was also awarded an Exploration Licence in Greenland in late 2020,
which surrounds the world class Citronen Zinc-Lead deposit.

 

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