REG - Empire Metals Ltd - Exercise of Options & Issue of Equity

Empire MetalsAnnouncement

27/12/2023 14:45

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RNS Number : 9683X  Empire Metals Limited  27 December 2023

Empire Metals Limited / LON: EEE / Sector: Natural Resources

 

27 December 2023

Empire Metals Limited

("Empire" or the "Company")

 

Exercise of Options & Issue of Equity

 

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and
development company, announces that it has received notification from an
option holder to exercise options over 1,336,875 new ordinary shares of no par
value in the share capital of the Company (the 'New Ordinary Shares') at a
price of 6 pence per share. Accordingly, the Company has today issued the New
Ordinary Shares to the option holder for an aggregate cash value of
£80,212.50.

 

Application for Admission

Application will be made to the London Stock Exchange for the new shares to be
admitted to trading on AIM ('Admission').  It is expected that Admission will
become effective on or around 3 January 2024.

Following Admission of the new shares as described above, the issued share
capital of the Company will consist of 571,577,796 ordinary shares of no-par
value. 571,577,796 represents the total number of voting rights in the Company
and may be used by shareholders as the denominator for the calculations by
which they can 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 and Transparency Rules.

**ENDS**

 

For further information please visit www.empiremetals.co.uk
(http://www.empiremetals.co.uk)   or contact:

 Empire Metals Ltd                                                                       Tel: 020 4583 1440

 Shaun Bunn / Greg Kuenzel
 S. P. Angel Corporate Finance LLP (Nomad & Broker)                                      Tel: 020 3470 0470

 Ewan Leggat / Adam Cowl
 Shard Capital Partners LLP (Joint Broker)                                               Tel: 020 7186 9950

 Damon Heath
 St Brides Partners Ltd (Financial                                                       Tel: 020 7236 1177
 PR)

 Susie Geliher / Ana Ribeiro / Max Bennett

 

About Empire Metals Limited

Empire Metals is an AIM-listed (LON: EEE) exploration and resource development
company with a project portfolio comprising copper, titanium and gold
interests in Australia and Austria.

 

The Company's strategy is to develop a pipeline of projects at different
stages in the development curve. Its current focus is on the Pitfield Project
in Western Australia, which has demonstrated to contain a newly recognised
giant mineral system that hosts a globally significant titanium discovery.

 

The Company also has two further exploration projects in Australia; the Walton
Project in Western Australia, and the Stavely Project in the Stavely Arc
region of Victoria, in addition to three precious metals projects located in a
historically high-grade gold producing region of Austria.

 

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