REG - Blencowe Resources - Warrants Update

Blencowe ResourcesAnnouncement

18/07/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230718:nRSR2948Ga&default-theme=true

RNS Number : 2948G  Blencowe Resources PLC  18 July 2023

18 July 2023

Blencowe Resources plc ("Blencowe" or the "Company")

Warrants Update

 

Further to the announcement on 18 April 2023, the Board of the Company has
indicated its wish to exercise 3,150,000 warrants from a total of 6,000,000
warrants allocated that are due to expire on 18 July 2023. Cameron Pearce and
Sam Quinn exercised 500,000 and 250,000 respectively as announced on 23
November 2020, therefore, a balance of 2,150,000 warrants of 4p will expire
today.

The Board continue to be in a close period relating to the advanced
discussions with the DFC regarding funding the DFS, therefore, may not deal in
the securities of the Company.

The Board has committed unconditionally to proceed with exercising the
warrants at the earliest opportunity possible at such time it is permitted to
exercise the warrants.  The Company shall receive proceeds of £126,000
following the exercise.

 

 Director        Warrants to be exercised  Price  Proceeds
 Cameron Pearce  1,000,000                 4p     £40,000
 Sam Quinn       750,000                   4p     £30,000
 Mike Ralston    1,000,000                 4p     £40,000
 Alex Passmore   400,000                   4p     £16,000

 

The Board will notify their holdings in due course following the exercise of
warrants.

 

 

 For further information, please visit https://blencoweresourcesplc.com
(https://blencoweresourcesplc.com) or the following:

 

 Blencowe Resources    www.blencoweresourcesplc.com (http://www.blencoweresourcesplc.com)

 Sam Quinn             Tel: +44 (0) 1624 681 250

                       info@blencoweresourcesplc.com (mailto:info@blencoweresourcesplc.com)

 Investor Enquiries    Tel: +44 (0) 7891 677 441

 Sasha Sethi           sasha@flowcomms.com (mailto:sasha@flowcomms.com)

 Tavira Financial      Tel: +44 (0)20 7100 5100

 Jonathan Evans        jonathan.evans@tavirasecurities.co
                       (mailto:jonathan.evans@tavirasecurities.com) m
                       (mailto:jonathan.evans@tavirasecurities.com)

 First Equity Limited  Tel: +44 (0)203 192 1733

 Jason Robertson       jasonrobertson@firstequitylimited.com
                       (mailto:jasonrobertson@firstequitylimited.com)

 

Twitter: https://twitter.com/BlencoweRes

 

LinkedIn: https://www.linkedin.com/company/blencowe-resources/

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  MSCSFMESWEDSEIW