REG - Landore Resources Ld - Exercise of Warrants and Issue of Equity

Landore ResourcesAnnouncement

03/03/2025 07:00

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RNS Number : 9432Y  Landore Resources Limited  03 March 2025

3 March 2025

 

Landore Resources Limited

Exercise of Warrants and Issue of Equity

London, United Kingdom - 3 March 2025 - Landore Resources Limited (AIM:LND)
("Landore Resources" or the "Company") announces that it has received a notice
to exercise warrants over a total of 9,208,220 ordinary shares (the "Warrant
Shares"), for which funds of £220,997 have been received by the Company.

Application has been made to the London Stock Exchange for admission of the
Warrant Shares to trading on AIM ("Admission"). It is expected that Admission
will become effective and dealings in the Warrant Shares will commence at 8.00
a.m. on or around 5 March 2025. The Warrant Shares will be issued fully paid
and will rank pari passu in all respects with the Company's existing ordinary
shares.

Following Admission, the Company's issued share capital will consist of
322,024,832 ordinary shares with voting rights. Landore Resources does not
hold any ordinary shares in treasury. This figure of 322,024,832 may 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's share capital under the FCA's Disclosure
Guidance and Transparency Rules.

 

- ENDS -

 For further information, please contact:

 Landore Resources Limited                                   contact@landore.com

 Alexander Shaw (CEO)

 or engage with the company directly                         https://investors.landore.com/s/051b30
                                                             (https://investors.landore.com/s/051b30)
 Strand Hanson Limited (Nominated Adviser and Joint Broker)

 James Dance/Matthew Chandler/Robert Collins                 Tel: 020 7409 3494
 Hannam & Partners (Joint Broker)

 Andrew Chubb / Matt Hasson                                  Tel: 020 7907 8500
 Burson Buchanan (Financial PR)

 Bobby Morse/ Oonagh Reidy                                   landore@buchanancomms.co.uk

                                                             Tel: 020 7466 5000

 

Subscribe to our news alert service: https://investors.landore.com/auth/signup

 

About Landore Resources

Landore Resources (AIM: LND) is the 100% owner of the highly prospective BAM
Gold Project, Northwestern Ontario, Canada, which has an NI 43-101 compliant
resource estimate of 1.5m oz Au (Indicated: 1.03m oz from 30.96Mt @ 1.0g/t;
Inferred: 467,000oz from 18.3M/t @ 0.8g/t). Ontario is Canada's largest gold
producing province, and produced 3.9m oz, accounting for 41% of Canada's total
gold production in 2023. Landore Resource's strategic objective is to
crystallise value from BAM Gold's last estimated NPV of US$333.6m @
US$1,800/oz spot (from May 2022 PEA), as well as generating additional value
from its non-core portfolio of precious and battery metals projects in eastern
Canada and the USA.

 

 

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