REG - PYX Resources Ltd. - Issue of Equity

PYX ResourcesAnnouncement

06/12/2022 08:45

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RNS Number : 7370I  PYX Resources Limited  06 December 2022

 

 

PYX Resources Limited / EPIC: PYX / Market: Standard / Sector: Mining

 

 

6 December 2022

 

PYX Resources Limited

Issue of Shares to L1 Capital Global Opportunities Master Fund and GEM Global
Yield LLC SCS and Total Voting Rights

PYX Resources Ltd ("PYX" or the "Company") (NSX: PYX | LSE: PYX), the second
largest publicly listed zircon producing mining company globally by zircon
resources, advises that an Application for Quotation of Additional Securities
has been issued on the NSX for the following securities:

·    Pursuant to the investment drawdown announcement on 2 December 2022,
the Company has issued and allotted 1,700,000 ordinary shares of no par value
to L1 Capital Global Opportunities Master Fund.

·    Pursuant to the investment announced on 29 November 2022, the Company
has issued and allotted 1,030,923 ordinary shares of no par value to the Share
Provider.

Being a total of 2,730,923 Ordinary Shares (the "New Ordinary Shares").

In addition, the Company has also issued to L1 Capital Global Opportunities
Master Fund 2,323,645 unlisted options with an exercise price of GBP 0.45 and
an expiry date of 6 December 2025. These can be exercised at any time from the
date of issue.

A full PDF version of the Application for Quotation of Additional Securities
is available from the NSX website
(https://pyxresources.com/investors-nsx-announcements/
(https://pyxresources.com/investors-nsx-announcements/) )

Application will also be made for the New Ordinary Shares to be admitted to
the standard segment of the Official List and to trading on the Main Market of
the London Stock Exchange, and admission is expected to occur at 8:00 a.m. on
or around 8 December 2022. The new Ordinary Shares will rank pari passu with
the existing Ordinary Shares of the Company.

Following Admission, the Company's issued share capital will consist of
441,349,100 Ordinary Shares, no Ordinary Shares are held in treasury.
Therefore, the total number of Ordinary Shares with voting rights in the
Company will be 441,349,100.

The above figure of 441,349,100 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 share capital
of the Company under the FCA's Disclosure Guidance and Transparency Rules.

** ENDS ***

 

This announcement is authorised for release by Oliver B. Hasler, Chairman and
Chief Executive Officer.

For more information:

 PYX Resources Limited                                    T: +852 3519 2860

 Oliver B. Hasler, Chairman and Chief Executive Officer   E: ir@pyxresources.com
 WH Ireland Limited (Financial Adviser and Joint Broker)  T: +44 (0)20 7220 1666

 Harry Ansell / Katy Mitchell / Megan Liddell
 St Brides Partners Ltd (Financial PR)                    E: pyx@stbridespartners.co.uk

 Ana Ribeiro/ Isabel de Salis / Isabelle Morris

About PYX Resources

PYX Resources Limited (NSX: PYX | LSE: PYX) is a producer of premium zircon
dual listed on the National Stock Exchange of Australia and on the Main Market
of the London Stock Exchange. PYX's key deposits, Mandiri and Tisma, are
large-scale, near-surface open pit deposits both located in the alluvium-rich
region of Central Kalimantan, Indonesia. PYX, whose Mandiri deposit has been
in production since 2015, is the 2nd largest publicly traded producing mineral
sands company by zircon resources globally. Determined to mine responsibly and
invest in the wider communities where we operate, PYX Resources is committed
to fully develop its Mandiri and Tisma deposits, with the vision to
consolidate the mineral sands resources in Kalimantan and explore and acquire
mineral sands assets in Asia and beyond.

 

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