REG - Celsius Resources Ld - Issue of Equity

Celsius ResourcesAnnouncement

03/04/2023 08:00

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RNS Number : 1062V  Celsius Resources Limited  03 April 2023

3 April 2023

 

Celsius Resources Limited

 

Issue of Equity

PDMR/Director Holding

Total Voting Rights

 

Celsius Resources Limited (ASX:CLA, AIM:CLA) ("Celsius" or the "Company")
announces that pursuant to Milestone 3 employee performance rights ("Milestone
3 Rights") in which the criteria of the submittal of all the declaration of
Mining Project Feasibility documentation for the MCB Project had been met by
the expiry date of 31 March 2023, the Board has approved the conversion into
4,800,000 ordinary shares of no par value which have been issued at a deemed
price of AUS$ 0.015 ("New Shares"); the remaining 600,000 Milestone 3 Rights
have lapsed.

Application will be made for the New Shares, which will rank pari passu with
the existing Ordinary Shares, to be admitted to trading on AIM and it is
expected that this will take place on or around 6 April 2023 ("Admission").

Of the 4,800,000 performance rights to be converted, 2,000,000 of these are
for Executive Chairman, Julito Sarmiento and accordingly he will be awarded
2,000,000 New Shares.  Post Admission, his total holding will number
4,000,000 ordinary shares in the Company, representing 0.21 percent of the
total issued share capital.

Following the Admission of the 4,800,000 New Shares, Celsius will have
1,870,452,899 Ordinary Shares in issue which will also represent the total
number of voting rights in the Company. From Admission the above figure should
be used by shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

A copy of this announcement, together with the Appendix 3H and Appendix 2A
lodged with the ASX, is available on the Company's website, at
https://celsiusresources.com (https://celsiusresources.com) .

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018.

 For further information contact:

 Celsius Resources Limited
 Peter Hume                                   P: +61 8 9482 0500

                                              E: info@celsiusresources.com.au (mailto:info@celsiusresources.com.au)

                                              W: www.celsiusresources.com (http://www.celsiusresources.com)

 Multiplier Media
 Jon Cuthbert                                 M: +61 402 075 707

                                              E: jon.cuthbert@multiplier.com.au (mailto:jon.cuthbert@multiplier.com.au)

 Beaumont Cornish Limited

 (Nominated Adviser)

 Roland Cornish/Felicity Geidt/Andrew Price   +44 (0) 207 628 3396

 SP Angel Corporate Finance LLP (Broker)
 Ewan Leggat                                  +44(0) 203 470 0470

 

Annexure: PDMR Notification Form

 

The notifications below are made in accordance with the requirements of the
Market Abuse Regulation.

 

 1.  Notification and public disclosure of transactions by Persons Discharging
     Managerial Responsibilities ('PDMRs') and persons closely associated with them
 a)  Name                                                         Julito Sarmiento
 b)  Position/Status                                              Executive Chairman
 c)  Initial notification/Amendment                               Initial notification
 2.  Details of the transaction(s): Section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  Ordinary share of no par value

     Identification code

                                                                  ISIN: AU000000CLA6
 b)  Nature of the transaction                                    Award of 2,000,000 ordinary shares
 c)  Price(s) and volume(s)                                       Nil cost and 2,000,000 ordinary shares
 d)  Aggregated information: Aggregated volume                    N/A

                                                                  N/A
 e)  Date of the transaction                                      31 March 2023
 f)  Place of the transaction                                     London Stock Exchange

 

 

 

ENDS

 

 

 

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