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

Oriole ResourcesAnnouncement

29/10/2025 07:00

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RNS Number : 1790F  Oriole Resources PLC  29 October 2025

29 October 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
16,500,000 new ordinary shares of 0.1p each ("Ordinary Shares") in the Company
to be admitted to trading on AIM on 3 November 2025 ("Admission"). The
exercise price of the warrants is set out below:

 

 Instrument  Exercise Price (pence)  Number of New Ordinary Shares to be admitted  Aggregate Price
 Warrants    0.25                    16,500,000                                    £41,250

 

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

 

Following Admission, a total of 130,947,778 warrants and 399,916,245 options
over Ordinary Shares (representing approximately 3.34% and 10.21% respectively
of the Company's enlarged issued share capital) remain outstanding.

 

Total Voting Rights

 

Following Admission, the Company's issued share capital will be 3,917,702,338
Ordinary Shares and this figure 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.

 

At its district scale Central Licence Package, the Company has identified
multi-kilometre long gold anomalies including at its flagship Mbe project.
 At Mbe, the Company has published a JORC Inferred MRE of 870,000oz at
1.09g/t Au for the MB01-S zone, and an Exploration Target range of 15Mt to
20Mt at a grade of 0.77g/t to 0.94g/t Au for 370,000oz to 605,000oz contained
gold for the MB01-N zone.

 

The Company has also 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, where it has applied for an exploitation licence.  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 17Mt to 24Mt at a grade of 0.69g/t
to 0.84g/t Au for 380,000oz 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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