REG - AfriTin Mining Ltd - Exercise of Share Options

Andrada MiningAnnouncement

22/02/2022 15:15

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RNS Number : 4642C  AfriTin Mining Ltd  22 February 2022

22 February 2022

AfriTin Mining Limited

("AfriTin" or the "Company")

Exercise of Share Options

AfriTin has received notice from a share option holder to exercise 2,336,842
share options at an exercise price of 3p, 1,468,421 share options at an
exercise price of 3.5p and 1,468,421 share options at an exercise price of 4p;
and accordingly the Company has today issued 5,273,684 Ordinary Shares (the
"Option Shares") to satisfy these exercises.

Application has been made to admit the Option Shares to trading on AIM and it
is anticipated that the application will be effected and dealings will
commence on 28 February 2022 ("Admission").

Disclosure and Transparency Rules

In accordance with the provisions of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, upon
Admission its issued share capital will comprise 1,121,841,684 Ordinary Shares
of no-par value upon Admission (the "Enlarged Share Capital"). All of these
Ordinary Shares have equal voting rights and none of the Ordinary Shares are
held in treasury. The total number of voting rights in the Company will
therefore be 1,121,841,684 upon Admission. This total voting rights figure may
be used by shareholders as the denominator for the calculations by which they
will determine whether they are required to notify their interests in, or a
change to their interest in, the Company under the DTRs.

 

 

 AfriTin Mining Limited                          +27 (11) 268 6555
 Anthony Viljoen, CEO
 Nominated Adviser                               +44 (0) 20 7220 1666
 WH Ireland Limited

 Katy Mitchell
 Corporate Advisor and Joint Broker
 H&P Advisory Limited                            +44 (0) 20 7907 8500

 Andrew Chubb

 Jay Ashfield

 Nilesh Patel
 Stifel Nicolaus Europe Limited                  +44 (0) 20 7710 7600

 Ashton Clanfield

 Callum Stewart

 Tavistock Financial PR (United Kingdom)         +44 (0) 20 7920 3150
 Jos Simson

 Nick Elwes

 Oliver Lamb

 

About AfriTin Mining Limited

Notes to Editors

AfriTin Mining Limited is a London-listed tech-metals mining company with a
vision to create a portfolio of globally significant, conflict-free, producing
assets. The Company's flagship asset is the Uis Tin Mine in Namibia, formerly
the world's largest hard-rock open cast tin mine.

AfriTin is managed by an experienced board of directors and management team
with a current strategy to ramp-up production at the Uis Tin Mine in Namibia
to 10,000 tonnes of tin concentrate and 350,000 tonnes of lithium concentrate
in a Phase 2 expansion, having reached Phase 1 commercial production in 2020.
The Company strives to capitalise on the solid supply/demand fundamentals of
tin and lithium by developing a critical mass of resource inventory, achieving
production in the near term and further scaling production by consolidating
tech-metal assets in Africa.

 

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