REG - Sunrise Resources - Issue of Equity & TVR

Sunrise ResourcesAnnouncement

06/04/2023 12:45

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RNS Number : 6653V  Sunrise Resources Plc  06 April 2023

6 April 2023

SUNRISE RESOURCES PLC

("Sunrise" or the "Company")

 

Issue of Equity & TVR

 

Further to its announcement of 30 November 2022, Sunrise Resources plc
("Sunrise" or the "Company") wishes to announce that it is redeeming a 1/8(th)
portion of the first £200,000 Convertible Security issued to Towards Net
Zero, LLC (the "Investor" and the "Convertible Security") through the issue of
Ordinary Shares in the Company.

A total of 35,714,286 new ordinary shares of 0.1p each (the "Redemption
Shares") are being issued at a price of 0.1p each in connection with this
redemption and application will be made for the Redemption Shares to be
admitted to trading on AIM. ("Admission"). Admission is expected to occur on
or around Friday 14 April 2023.

On issue of the Redemption Shares the face value of the Convertible Security
value will be reduced to £175,000.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial
Conduct Authority, the Board of Sunrise hereby notifies the market that,
following Admission of the Redemption Shares, the Company will have
3,969,389,373 shares in issue with each share carrying the right to one vote.
There are no shares currently held in treasury. The total number of voting
rights in the Company is therefore 3,969,389,373 and this figure may be used
by shareholders as the denominator for the calculations by which they
determine if they are required to notify their interest in, or a change to
their interest in, the Company under the Financial Conduct Authority's
Disclosure Guidance and Transparency Rules.

 

Further information:

 

 Sunrise Resources plc                  Tel: +44 (0)1625 838 884

 Patrick Cheetham, Executive Chairman
                                        Tel: +44 (0)207 628 3396

 Beaumont Cornish Limited

 Nominated Adviser

 James Biddle/Roland Cornish
                                        Tel: +44 (0)207 469 0930

 Peterhouse Capital Limited

 Broker

 Lucy Williams/Duncan Vasey

Shares in the Company trade on AIM. EPIC: "SRES".

Website: www.sunriseresourcesplc.com

 

 

Market Abuse Regulation (MAR) Disclosure

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 which  forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

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