21 September
2020
ALTONA ENERGY
PLC
(“Altona” or “the Company”)
ISSUE OF
EQUITY
Altona (AQSE: ANR.PL), a mining exploration company with a focus
on Rare Earth Element (“REE”) mining projects in Africa, announces that with regards to the
signed non-binding Heads of Agreement with Leadway Group Ltd to
acquire a 70% legal and beneficial interest in a greenfield mining
project in Uganda, known as the
Nankoma Rare Earth Project (“Nankoma”) (tenement TN03385), it has
today issued 263,158 Altona Ordinary Shares (“the Shares”) in
respect of its first tranche payment, as detailed in the RNS made
earlier today.
The Shares have been issued at the current suspended price of
9.5p, for a total amount of £25,000, which provides Altona with a
period of exclusivity over the licence area until 30 November 2020.
Admission and Total Voting Rights
Application has been made for the Shares, which will
rank pari passu with the Company's existing
Ordinary Shares, to be admitted to trading on Aquis Stock Exchange
("Admission"). It is anticipated that Admission will become
effective at 8.00 a.m. on 22
September 2020.
On Admission, the Company’s enlarged share capital and total
voting rights in the Company will comprise 1,865,592. On Admission,
Leadway Group will hold a stake in Altona of 14.1% of the enlarged
share capital.
-ends-
For further information, please visit www.altonaenergy.com or
contact:
Altona Energy
plc
Christian Taylor-Wilkinson, Interim CEO
Philip Sutherland, Non-Executive Director |
+44 (0) 7795 168 157
+61 (0)402 440 339 |
Alfred Henry
Corporate Finance Ltd (Aquis Corporate Adviser)
Jon Isaacs / Nick Michaels |
+44 (0) 20 3772 0021 |
|
|
Leander (Financial
PR)
|
+44 (0) 7795 168
157 |
Company Information
Altona is a mining exploration company focused on the
evaluation, development and extraction of Rare Earth Element (REE)
metals.
The Company was admitted to trading on AIM on 10 March 2005 and was subsequently admitted to
Aquis Stock Exchange (previously NEX) on 1 February 2019. A
copy of its Admission documents dated 4
March 2005 can be accessed on its website,
www.altonaenergy.com. This website is where items can be
inspected under Rule 75 of the Aquis Rules for Issuers, from
1 February 2019.
Information on Minexia and NR Private
Market
Minexia is a fin-tech business which has been in development for
c.4years and launched its investment platform, NR Private Market in
Q1 2019, which allows private investors ('Sophisticated' or 'High
Net Worth') to access a pipeline of high quality, pre-screened,
advanced exploration and or early stage development mining
projects. The platform has successfully closed six deals (total
value c. £10M) to date and has secured a dozen platform partners
and 6,000+ active platform users.