REG - AfriTin Mining Ltd - Issue of Shares

Andrada MiningAnnouncement

15/12/2021 16:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211215:nRSO7921Va&default-theme=true

RNS Number : 7921V  AfriTin Mining Ltd  15 December 2021

15 December 2021

AfriTin Mining Limited

 ("AfriTin" or the "Company")

Issue of Shares

Settlement of fees through issue of shares

The AfriTin Board has approved the issue of 798 001 Ordinary shares of no par
value to settle a contractual liability at 4.90p in lieu of fees in relation
to a consulting agreement ("Settlement Shares").

Application for Admission

An application has been made for the Settlement Shares to be admitted to
trading on AIM ("Admission"). Dealings in the Settlement Shares are expected
to commence on or around 22 December 2021.

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, following
the issue of the Settlement Shares its issued share capital will comprise
1,113,132,913 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 1,113,132,913 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) 207 220 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) 207 920 3150
 Jos Simson

 Nick Elwes

 

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 by developing a critical mass of tin resource inventory, achieving
production in the near term and further scaling production by consolidating
tin assets in Africa.

 

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
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOEFLFFRFVLELIL