Bushveld Minerals Limited Exercise of Warrants and Total Voting Rights (0005K)
April 05 2018 - 9:36AM
UK Regulatory
TIDMBMN
RNS Number : 0005K
Bushveld Minerals Limited
05 April 2018
Market Abuse Regulation (MAR) Disclosure
Certain information contained in this announcement would have
been deemed inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014 until the release of this
announcement.
5 April 2018
Bushveld Minerals Limited
("Bushveld" or "the Company")
Exercise of Warrants and Total Voting Rights
Bushveld Minerals, the AIM-listed integrated vanadium producer
with additional investments in coal, power and tin, announces that
it has received exercise notice for the exercise of warrants over
3,039,473 and 4,052,631 ordinary shares of 1 pence each ("Ordinary
Shares") with an exercise price of 7.9 pence and 9.9 pence
respectively per Ordinary Share. Accordingly, 7,092,104 new
Ordinary Shares have been issued. The new Ordinary Shares will rank
pari passu with the Company's existing Ordinary Shares.
Admission to AIM and Total Voting Rights
Application has been made for admission of these 7,092,104 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 11 April 2018.
Following Admission, there will be a total of 1,068,425,966
Ordinary Shares in issue, 670,000 of which are held in treasury.
Shareholders should use the figure of 1,067,755,966 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 26,743,696 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 & Broker
Ewan Leggat / Richard
Morrison
Alternative Resource
Capital +44 (0) 20 7186 9004
Joint Broker
Alex Wood
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 an AIM listed integrated vanadium producer
with additional investments in coal, power and tin.
The Company's flagship vanadium platform includes a 59.1%
controlling interest in Bushveld Vametco Alloys (Pty) Ltd a primary
vanadium mining and processing company; the Mokopane Vanadium
Project and the Brits Vanadium Project. The coal platform comprises
the wholly-owned Imaloto Coal Project, which is being developed as
one of Madagascar's leading independent power producers. The
Company's tin interests are held through its shareholding in AIM
listed AfriTin Mining Limited.
Bushveld's vision is to become a significant, low cost,
integrated primary vanadium producer through owned 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 the
steel industry, Bushveld Minerals believes there is strong
potential for an imminent and significant global vanadium demand
surge from the fast-growing energy storage market, particularly
through the use and adoption of Vanadium Redox Flow Batteries.
The Company's 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 within a visible timeframe, low capital
expenditure requirements and scalability are important factors in
ensuring a positive return on investment. 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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