Galileo Resources PLC Exercise of Warrants - Issue of Equity (2486X)
August 26 2020 - 11:36AM
UK Regulatory
TIDMGLR
RNS Number : 2486X
Galileo Resources PLC
26 August 2020
For immediate release
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
26 August 2020
Galileo Resources Plc
("Galileo" or "the Company")
Exercise of Warrants
Galileo Resources plc ("Galileo "or the "Company") confirms that
it has issued a total of 1,200,000 fully paid ordinary shares in
the Company (the "New Ordinary Shares") pursuant to the exercise of
warrants in terms of the Placing Agreement dated 17 October 2019
(RNS announced 18 October 2019). Application will be made for
admission of the New Ordinary Shares to trading on AIM
("Admission"), with Admission expected to occur on or around 28
August 2020.
Following the issue of the New Ordinary Shares, which rank pari
passu to the existing ordinary shares in the Company, the Company
has 767,276,193 ordinary shares in issue, all of which have voting
rights. Shareholders in the Company may use this figure as the
denominator for the calculation, by which they would determine if
they are required to notify their interest in, or a change to their
interest in, the share capital of the Company under the Financial
Conduct Authority's Disclosure and Transparency Rules.
You can also follow Galileo on Twitter: @GalileoResource
For further information, please contact: Galileo Resources
PLC
Colin Bird, Chairman Tel +44 (0) 20 7581
Andrew Sarosi, Executive Director 4477
Tel +44 (0) 1752 221937
Beaumont Cornish Limited - Nomad Tel +44 (0) 20 7628
Roland Cornish/James Biddle 3396
--------------------------
Novum Securities Limited - Joint
Broker
Colin Rowbury /Jon Belliss +44 (0) 20 7399 9400
--------------------------
Shard Capital Partners LLP - Tel +44 (0) 20 7186
J oint Broker 9952
Damon Heath
--------------------------
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END
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