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

Oriole ResourcesAnnouncement

08/09/2025 07:00

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RNS Number : 3040Y  Oriole Resources PLC  08 September 2025

8 September 2025

Oriole Resources PLC

("Oriole Resources" or the "Company")

 

Exercise of Warrants and Total Voting Rights

 

Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company
focussed on West and Central Africa announces that, following an exercise of
warrants over ordinary shares in the Company application has been made for
3,000,000 new ordinary shares of 0.1p each ("Ordinary Shares") in the Company
to be admitted to trading on AIM on 11 September 2025 ("Admission"). The
exercise price of the warrants is as set out below:

 

 Instrument  Exercise Price (pence)  Number of New Ordinary Shares to be admitted  Aggregate Price
 Warrants    0.25                    3,000,000                                     £7,500

 

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

 

Following Admission, a total of 147,447,778 warrants and 399,916,245 options
over Ordinary Shares (representing approximately 3.78% and 10.25% respectively
of the Company's enlarged issued share capital) remain outstanding.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will be 3,901,202,338
Ordinary Shares. This figure of 3,901,202,338 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.

Enquiries:

 Oriole Resources Plc                                  Tel: +44 (0)23 8065 1649
 Martin Rosser / Bob Smeeton / Claire Bay

 Strand Hanson Limited (Nomad & Broker)                Tel: +44 (0)20 7409 3494
 Christopher Raggett / James Spinney / Edward Foulkes

 IFC Advisory Ltd (Financial IR & PR)                  Tel: +44 (0)20 3934 6630
 Tim Metcalfe / Graham Herring / Florence Staton       oriole@investor-focus.co.uk

 

Notes to Editors:

 

Oriole Resources PLC is an AIM-quoted gold exploration company, with projects
in West and Central Africa.  It is focused on early-stage exploration in
Cameroon, where the Company has reported a Resource of 460,000oz contained
gold at 2.06g/t Au in the JORC Indicated and Inferred categories at its 90%
owned Bibemi project and has identified multi-kilometre gold anomalies within
the district scale Central Licence Package project, including the Mbe project.
 At Mbe, the Company has published a maiden Exploration target range of 33 to
44Mt at a grade of 0.77 to 0.95g/t Au for 0.82Moz to 1.34Moz contained gold
for the MB01 prospect, and a maiden Resource for the MB01-S target is
scheduled for Q4-2025.  BCM International is currently earning up to a 50%
interest in the Bibemi and Mbe projects in return for a combined investment of
US$1.5 million in signature payments, up to US$8 million in exploration
expenditure, as well as JORC resource-based success payments.

 

At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl
('AGEM'), a wholly owned subsidiary of Managem Group, has completed a six-year
earn-in to acquire an approximate 59% beneficial interest in the Senala
Exploration Licence by spending US$5.8 million.  The Company has reported a
Resource of 155,000oz contained gold at 1.26g/t Au in the JORC Inferred
category for the Faré South prospect, and an additional, complementary
Exploration Target range of 17 to 24Mt at a grade of 0.69 to 0.84g/t Au for
380,000 to 650,000oz contained gold for all prospects at Senala.  Discussions
on the formation of a joint venture company are currently underway.  The
Company also has several interests and royalties in companies operating in
East Africa and Turkey that could give future cash payments.

 

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

 

 

 

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