REG - Oriole Resources PLC - Exercise of Warrants and Total Voting Rights

Oriole ResourcesAnnouncement

24/01/2024 07:15

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RNS Number : 6782A  Oriole Resources PLC  24 January 2024

Oriole Resources PLC

('Oriole Resources' or 'the Company' or 'the Group')

 

Exercise of Warrants and Total Voting Rights

 

Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed
on West Africa announces that, following an exercise of warrants over ordinary
shares in the Company (the "Exercise"), application has been made for
13,888,888 new ordinary shares of 0.1p each ("Ordinary Shares") in the Company
to be admitted to trading on AIM on 29 January 2024 ("Admission"). The
exercise price of the warrants is as set out below:

 

 Instrument  Exercise Price (pence)  Number of New Ordinary Shares to be admitted
 Warrants    0.25                    13,888,888

 

The new Ordinary Shares will rank pari passu with the Company's existing
Ordinary Shares.

 

Following Admission, a total of 157,555,555 warrants and 264,526,245 options
over Ordinary Shares (representing approximately 10.8 per cent. of the
Company's enlarged issued share capital) remain outstanding.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will be 3,895,872,338
Ordinary Shares. This figure of 3,895,872,338 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 under the FCA's Disclosure and Transparency Rules.

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. Following the publication of this announcement, this inside
information is now considered to be in the public domain.

 

 

** ENDS **

 

For further information please visit www.orioleresources.com
(http://www.orioleresources.com/) , @OrioleResources on Twitter, or
contact:

 Oriole Resources Plc                    Tel: +44 (0)20 7830 9650
 Tim Livesey / Bob Smeeton / Claire Bay

 BlytheRay (IR/PR Contact)               Tel: +44 (0)20 7138 3204
 Tim Blythe / Megan Ray

 Grant Thornton UK LLP                   Tel: +44 (0)20 7383 5100
 Samantha Harrison / Ciara Donnelly
 SP Angel Corporate Finance LLP          Tel: +44 (0)20 3470 0470

 Ewan Leggat / Harry Davies-Ball

Notes to Editors:

 

Oriole Resources PLC is an AIM-listed gold exploration company, operating
in West Africa. It is focussed on early-stage exploration
in Cameroon, where the Company has reported a Resource of 375,000 oz Au at
2.30g/t in the JORC Inferred category at its 82.2%-owned Bibemi project and
has identified multi-kilometre gold and lithium anomalism within the
district-scale Central Licence Package project. BCM International is currently
earning up to a 50% interest in the Bibemi and Mbe projects in return for a
combined investment of US$1.5m in signature payments (US$550,000 of which has
already been received), up to US$8m in exploration expenditure, as well as
JORC resource-based success payments.

 

At the more advanced Senala gold project in Senegal, AGEM Senegal
Exploration Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has
earned an initial 51% beneficial interest in the Senala Exploration Licence by
spending US$4 million and has the option to spend up to a further US$4
million by 17 February 2024 to earn an additional 19% interest in the
licence. The Company also has several interests and royalties in companies
operating in East Africa and Turkey that could deliver future cash flow.

 

 

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