REG - Metminco Limited - Issue of Equity

Merino & CoAnnouncement

01/05/2018 08:05

2018-05-01T07:03:53.034Zreuters.comtag:reuters.com,2018-05-01:newsml_RSA7009Ma:13TXT
This file is provided for EAP sample purposes only; it's structure and detail are subject to change, and should not be used as a definitive reference for actual development and processing.2018-05-01T07:03:53.034Z2018-05-01T07:03:53.034Z_UCDP:parsn_lse_10.54.132.131_1.2.37102:2019-06-01T07:03:53.034Z3RSA7009MaREG - Metminco Limited  - Issue of EquityDiversified Mining (TRBC level 5)LEGACY: Basic Materials (TRBC)LEGACY: Mineral Resources (TRBC)LEGACY: Metals & Mining (TRBC)Basic Materials (TRBC level 1)Mineral Resources (TRBC level 2)Metals & Mining (TRBC level 3)Specialty Mining & Metals (TRBC level 4)AustraliaWestern EuropeAustralia / New ZealandUnited KingdomEuropeAsia / PacificSuggested SourcesNews AnnouncementsRegulatory Corporate News AnnouncementsMiningCompany NewsEurope daily earnings hits & missesMetminco Ltd








RNS Number : 7009M
Metminco Limited
01 May 2018
 

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AIM Announcement                                                                                                   1 May 2018
 
Metminco Limited (the Company) (ASX: MNC; AIM: MNC) announces that, further to disclosure in various recent Company announcements, it has today:
 
·     issued 2,702,152 shares to Lanstead Capital L.P. at an issue price of AUD$0.008 to settle fees outstanding from the financing agreement dated on or about November 2016 ("Lanstead Shares").
·     issued, at no cost, 9,876,512 options to Redfield Asset Management Pty Ltd as agreed between the parties with an exercise price of AUD$0.011 and an expiry of 1 June 2020 ("Redfield Options").  The terms and conditions of these options are the same as those issued under the Entitlement Offer dated 23 March 2018.
At the upcoming Annual General Meeting shareholders will be asked to ratify this issue of the Lanstead Shares and Redfield Options. The Company will seek quotation of the Lanstead Shares and Redfield options on the ASX and has made an application for admission of these shares on AIM, with admission expected on or around 4 May 2018.  The Company will have the following shares and options on issue:
 
·     843,814,388 quoted ordinary shares
·     12,345,639 unlisted options of exercise price A$0.081 and expiry date 17 May 2019
·     12,345,639 unlisted options of exercise price A$0.081 and expiry date 25 May 2019
·     241,487,282 options of exercise price A$0.011 and expiry date 1 June 2020
The figure of 843,814,388 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, the share capital of the Company under the FCA's Disclosure and Transparency Rules.




 
For further information, please contact:
METMINCO LIMITED












Kevin Wilson






Mob +61 (0)409 942 355




Geoff Widmer






Tel +61 (0) 3 9819 3995




Graeme Hogan






Office:  +61 (0) 2 9460 1856


















NOMINATED ADVISOR AND BROKER












RFC Ambrian












Australia












Andrew Thomson/Alena Broesder






Office:  +61 (0) 2 9250 0000


















United Kingdom












Charlie Cryer






Office:  +44 (0) 20 3440 6800


















PUBLIC RELATIONS












Camarco
United Kingdom












Gordon Poole / Nick Hennis






Office:  + 44 (0) 20 3757 4997


















Media + Capital Partners












Australia












Luke Forrestal






Office: +61 (0) 411 479 144




 
Forward Looking Statement
All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Metminco are forward-looking statements.  When used in this announcement, forward-looking statements can be identified by words such as ''anticipate", "believe", "could", "estimate", "expect", "future", "intend", "may", "opportunity", "plan", "potential", "project", "seek", "will" and other similar words that involve risks and uncertainties.
 
These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place.  Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management of Metminco that could cause Metminco's actual results to differ materially from the results expressed or anticipated in these statements.
 
The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Metminco does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing



This information is provided by RNS
The company news service from the London Stock Exchange
 
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