REG - PYX Resources Ltd. - Issue of Equity

PYX ResourcesAnnouncement

04/10/2023 07:15

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RNS Number : 6504O  PYX Resources Limited  04 October 2023

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

 

 

4 October 2023

 

PYX Resources Limited

Issue of Shares to GEM Global Yield LLC SCS and Total Voting Rights

PYX Resources Ltd ("PYX" or the "Company") (NSX: PYX | LSE: PYX), the third
largest publicly listed zircon producing mining company globally by zircon
resources 1 , advises that an Application for Quotation of Additional
Securities has been issued on the NSX.

On 3 October 2022, PYX announced a GBP20 million investment commitment through
a Subscription Agreement with GEM Global Yield LLC SCS ("GGY"), a US$3.4
billion alternative investment firm with offices in Paris, New York, and the
Bahamas.

Under the Subscription Agreement, PYX controls the amount and timing of
investment over a 36-month period with no minimum subscription obligation. A
fee of GBP400,000 is also payable to GGY in cash or shares within a period of
12 months from the date of execution of the Subscription Agreement.

As such, the Company has issued and allotted 1,786,512 ordinary shares of
no-par value to GGY. The price of the shares in connection with the issue has
been calculated at the average Closing Bid Price over the 15 trading days
prior to the share issuance date, as per the Subscription Agreement.

A full PDF version of the NSX Application for Quotation of Additional
Securities is available from the Company's 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 10 October 2023. 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
456,834,764 Ordinary Shares, no Ordinary Shares are held in treasury.
Therefore, the total number of Ordinary Shares with voting rights in the
Company will be 456,834,764,

The above figure of 456,834,764  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 (Broker)                              T: +44 (0)20 7220 1666

 Harry Ansell / Katy Mitchell / Darshan Patel
 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 3(rd) 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 is
committed to fully developing 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.

 1  According to publicly available information as of 30 June 2023

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