AfriTin Mining Ltd Exercise of Warrants (3255W)
April 22 2021 - 8:56AM
UK Regulatory
TIDMATM
RNS Number : 3255W
AfriTin Mining Ltd
22 April 2021
22 April 2021
AfriTin Mining Limited
("AfriTin" or the "Company")
Exercise of Warrants
AfriTin has received notice from warrant holders to exercise
1,186,666 warrants at an exercise price of 4.5p and 500,000
warrants at an exercise price of 1.95p; and accordingly the Company
has today issued 1,686,666 Ordinary Shares (the "Warrant Shares")
to satisfy these exercises
Application has been made to admit the Warrant Shares to trading
on AIM and it is anticipated that the application will be effected
and dealings will commence on 28 April 2021 ("Admission").
Disclosure and Transparency Rules
In accordance with the provisions of the Disclosure Guidance and
Transparency Rules of the Financial Conduct Authority, the Company
confirms that, upon Admission its issued share capital will
comprise 876,376,678 Ordinary Shares of no-par value upon Admission
(the "Enlarged Share Capital"). All of these Ordinary Shares have
equal voting rights and none of the Ordinary Shares are held in
treasury. The total number of voting rights in the Company will
therefore be 876,376,678 upon Admission. This total voting rights
figure may be used by shareholders as the denominator for the
calculations by which they will determine whether they are required
to notify their interests in, or a change to their interest in, the
Company under the DTRs.
For further information, please visit www.afritinmining.com or
contact:
AfriTin Mining Limited
Anthony Viljoen, CEO +27 (11) 268 6555
Nominated Adviser
WH Ireland Limited
Katy Mitchell
James Sinclair-Ford +44 (0) 20 7220 1666
Corporate Advisor and Joint Broker
Hannam & Partners
Andrew Chubb
Jay Ashfield
Nilesh Patel +44 (0) 20 7907 8500
Joint Broker
Turner Pope Investments
Andy Thacker +44 (0) 20 3657 0050
Financial PR (United Kingdom)
Tavistock +44 (0) 20 7920 3150
Jos Simson
Emily Moss
Oliver Lamb
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is the first pure tin company listed in
London and its vision is to create a portfolio of globally
significant, conflict-free, tin-producing assets. The Company's
flagship asset is the Uis Tin Mine in Namibia, formerly the world's
largest hard-rock opencast tin mine.
AfriTin is managed by an experienced board of directors and
management team with a current two-fold strategy: fast-track Uis
Tin Mine in Namibia to commercial production as Phase 1, ramping up
to 5,000 tonnes of concentrate per annum in a Phase 2 expansion.
The Company strives to capitalise on the solid supply/demand
fundamentals of tin by developing a critical mass of tin resource
inventory, achieving production in the near term and further
scaling production by consolidating tin assets in Africa.
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END
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