Cadence Minerals PLC Placing Update (7287L)
May 01 2020 - 12:27PM
UK Regulatory
TIDMKDNC
RNS Number : 7287L
Cadence Minerals PLC
01 May 2020
All terms in this announcement have the same meaning as the
Company's announcement released earlier today (under RNS number
6656L) unless the context otherwise dictates.
Cadence Minerals Plc
("Cadence Minerals", "Cadence" or "the Company")
Placing Update
Cadence Minerals (AIM/AQSE: KDNC; OTC: KDNCY) is pleased to
announce that, further to its announcement made earlier today, the
Company has secured an additional GBP120,000 investment by an
institutional investor. The investment will be made on the same
terms as the Placing that was announced earlier today, including
the terms and conditions appended to the announcement.
Consequently, Cadence will issue 2,000,000 additional Placing
Shares (the "Additional Placing Shares") and a pplication will be
made for the admission to trading on the AIM market ("AIM") of
London Stock Exchange plc ("LSE") and to and the AQSE Growth Market
("AQSE") operated by Aquis Exchange Plc for the Additional Placing
Shares and ("Admission"). Admission is expected to occur on or
around 7 May 2020. Following Admission, the Company will have
132,951,966 Ordinary Shares in issue. There are no shares held in
treasury. The total voting rights in the Company is therefore
132,951,966 and Shareholders may use this figure as the denominator
by which they are required to notify their interest in, or change
to their interest in, the Company under the Disclosure Guidance and
Transparency Rules.
For further information:
Cadence Minerals plc +44 (0) 207 440 0647
Andrew Suckling
Kiran Morzaria
WH Ireland Limited (NOMAD & Broker) +44 (0) 207 220 1666
James Joyce / James Sinclair-Ford
Harry Ansell / Daniel Bristowe
Novum Securities Limited (Joint
Broker) +44 (0) 207 399 9400
Jon Belliss
The information contained within this announcement is deemed by
the Company to constitute inside information under the Market Abuse
Regulation (EU) No. 596/2014
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCFLFFREVILIII
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