REG - Kendrick Resources - Issue of Equity

Kendrick ResourcesAnnouncement

18/09/2024 07:00

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RNS Number : 5754E  Kendrick Resources PLC  18 September 2024

 

18 September 2024

Kendrick Resources Plc

("Kendrick" or the "Company")

Issue of Equity and TVR

 

Kendrick Resources Plc (LSE: KEN), the mineral exploration and development
company building nickel, vanadium, and copper battery metal projects in
Scandinavia, announces that it has issued 6,365,385 new ordinary shares of
£0.0003 ("Ordinary Shares") to settle £46,000 of accrued fees due to
consultants as per the table below:

 

 Period                     Fees                           Issue price             No. of shares
 12 mths to 31 August 2024   £          30,000              £      0.00650                4,615,385
 12 months to 2 May 2024    £          16,000              £      0.00914                 1,750,000

 

Application to trading: Applications will be made to the Financial Conduct
Authority ("FCA") and the London Stock Exchange for the 6,365,385 new Ordinary
Shares, to be admitted to the Official List and to trading on the London Stock
Exchange's main market for listed securities (the "Admission"). It is expected
that Admission will become effective and that dealings will commence at 8.00
a.m. on or around 24 September 2024.

 

Issued Share Capital: Following the issue of the 6,365,385 new Ordinary
Shares, the Company's total issued share capital will consist of 250,248,152
Ordinary Shares with voting rights. The Company does not hold any Ordinary
Shares in treasury and accordingly there are no voting rights in respect of
any treasury shares.

 

Total Voting Rights On Admission, the above mentioned figure of 250,248,152
Ordinary Shares may be used by shareholders in the Company 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, African Pioneer
under the Financial Conduct Authority's Disclosure Guidance and Transparency
Rules.

 

 

 This announcement contains information which, prior to its disclosure, was
 inside information as stipulated under Regulation 11 of the Market Abuse
 (Amendment) (EU Exit) Regulations 2019/310 (as amended).

For additional information please contact:

Kendrick Resources Plc:     Tel: +44 2039 616 086

 Chairman                    Colin Bird

 Novum Securities            Tel: +44 207 399 9400

 Financial Adviser           David Coffman / George Duxberry

 Joint Broker                Jon Bellis

 Shard Capital Partners LLP  Tel: +44 207 186 9952

 Joint Broker                Damon Heath / Isabella Pierre

 

 

 

About Kendrick Resources Plc

Kendrick Resources Plc is a mineral exploration and development company with
projects primarily based across Scandinavia. The principal of its business is
to explore the opportunities within the natural resources sector with a focus
on battery, base, and precious metals including but not limited to vanadium
and nickel. In doing so, the Company is looking to build a long term energy
metals business in Scandinavia which delivers energy metals to Europe to help
enable its renewable energy transformation by building a top tier energy
metals production business.

 

 

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