Bushveld Minerals Limited Exercise of Warrants and Total Voting Rights (7557U)
October 26 2017 - 11:02AM
UK Regulatory
TIDMBMN
RNS Number : 7557U
Bushveld Minerals Limited
26 October 2017
26 October 2017
Bushveld Minerals Limited
("Bushveld" or "the Company")
Exercise of Warrants and Total Voting Rights
The Company announces that it has received exercise notices for
the exercise of 248,663 warrants over Ordinary Shares with an
exercise price of 2.4 pence per warrant. Accordingly, 248,663 new
Ordinary Shares have been issued.
Admission to AIM and Total Voting Rights
Application has been made for admission of these 248,663 new
Ordinary Shares to trading on AIM ("Admission") and it is expected
that Admission will take place and that trading will commence on
AIM at 8.00 a.m. on 1 November 2017.
Following Admission, there will be a total of 807,526,897
Ordinary Shares in issue, 670,000 of which are held in treasury.
Shareholders should use the figure of 806,856,897 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.
Following the exercise of the warrants, the Company has a total
of 29,815,657 warrants in issue.
Enquiries: info@bushveldminerals.com
Bushveld Minerals +27 (0) 11 268 6555
Fortune Mojapelo
SP Angel Corporate Finance
LLP +44 (0) 20 3470 0470
Nominated Adviser & Joint
Broker
Ewan Leggat
Beaufort Securities +44 (0) 20 7382 8300
Joint Broker
Jon Belliss
Blytheweigh
Financial PR
Tim Blythe / Camilla
Horsfall +44 (0) 20 7920 3150
Gabriella von Ille +27 (0) 711 121 907
ABOUT BUSHVELD MINERALS LIMITED
Bushveld Minerals is a diversified AIM listed mineral
development company with a portfolio of vanadium, iron ore, tin and
coal greenfield assets in Southern Africa and Madagascar. The
Company's flagship platform, the vanadium platform, includes the
Mokopane Vanadium Project, the Brits Vanadium Project, and the
Bushveld Iron Ore & Titanium Project. The tin platform
comprises the Mokopane Tin Project and the Imaloto Coal Project,
which is being developed as one of Madagascar's leading independent
power producers, makes up the Company's coal platform.
The Company's vision is to become the largest, low-cost,
integrated, primary vanadium producer through owned low-cost
high-grade assets. This incorporates development and promotion of
the role of vanadium in the growing global energy storage market
through Bushveld Energy, the Company's energy storage solutions
provider. Whilst the demand for vanadium remains largely anchored
in a slow growing steel industry, Bushveld Minerals believes there
is strong potential for an imminent, significant, global vanadium
demand surge from the fast-growing energy storage market,
particularly through the use and adoption of Vanadium Redox Flow
Batteries.
Bushveld Minerals' approach to project development recognises
that whilst attractive project economics are imperative, they are
insufficient to secure capital to bring them to account. A clear
path to production with a visible timeframe, low capex requirements
and scalability are important factors in retaining an attractive
exit option. This philosophy is core to the Company's strategy in
developing projects.
Detailed information on the Company and progress to date can be
accessed on the website: www.bushveldminerals.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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