REG - Andrada Mining Ltd - Exercise of Share Options

Andrada MiningAnnouncement

29/09/2023 07:00

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RNS Number : 0760O  Andrada Mining Limited  29 September 2023

29 September 2023

 

Andrada Mining Limited

("Andrada" or the "Company")

Exercise of Share Options

Andrada Mining Limited (AIM: ATM, OTCQB: ATMTF), an African technology metals
mining company with a portfolio of mining and exploration assets in Namibia
has received notice from a share option holder to exercise as detailed below.

§ 1 736 842 share options at an exercise price of 3p.

§ 868 421 share options at an exercise price of 3.5p.

§ 868 421 share options at an exercise price of 4p

Accordingly, the Company has today issued 3 473 684 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 4 October 2023
("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 1 542 429 217 Ordinary Shares of no-par value upon Admission (the "Enlarged Share Capital").
All of these Ordinary Shares have equal voting rights and none of them are held in treasury. The total number of voting rights in the Company will therefore be 1 542 429 217 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

 

 

  contact
 Andrada Mining Limited                   +27 (11) 268 6555

 Anthony Viljoen, CEO                     investorrelations@andradamining.com

 Sakhile Ndlovu, Investor Relations

 Nominated Adviser
 WH Ireland Limited                       +44 (0) 207 220 1666

 Katy Mitchell

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

 Andrew Chubb

 Jay Ashfield

 Matt Hasson

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

 Ashton Clanfield

 Calum Stewart

 Varun Talwar

 Tavistock Financial PR (United Kingdom)  +44 (0) 207 920 3150

 Jos Simson                               andrada@tavistock.co.uk

 Catherine Drummond

 Adam Baynes

 

About Andrada Mining Limited

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

An exploration drilling programme is currently underway with the aim of
expanding the tin resource over the fourteen additional, historically mined
pegmatites, all of which occur within a 5 km radius of the current processing
plant. The Company has set a mineral resource target of 200 Mt to be
delineated within the next 5 years. The existing mine, together with
substantial mineral resource potential, allows the Company to consider
economies of scale.

Andrada is managed by a board of directors with extensive industry knowledge
and a management team with extensive commercial and technical skills.
Furthermore, the Company is committed to the sustainable development of its
operations and the growth of its business. This is demonstrated by the way the
leadership team places significant emphasis on creating value for the wider
community, investors, and other key stakeholders. Andrada has established an
environmental, social and governance system which has been implemented at all
levels of the Company and aligns with international standards.  END 

 

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