MC Mining Limited Issue of First Tranche Shares and TVR (5292H)
April 06 2022 - 11:18AM
UK Regulatory
TIDMMCM
RNS Number : 5292H
MC Mining Limited
06 April 2022
ANNOUNCEMENT 6 April 2022
ISSUE OF FIRST TRANCHE FUNDING SHARES AND TOTAL VOTING
RIGHTS
MC Mining Limited (MC Mining or the Company) announces that,
further to its announcement of 1 February 2022, South African
Reserve Bank approval has been obtained and therefore 38,363,909
new ordinary shares of no par value in the Company's capital
(Ordinary Shares) have been issued to Senosi Group Investment
Holdings Proprietary Limited (SGIH), pursuant to the conversion of
its loan under the First Tranche Funding.
Admission and Total Voting Rights
A pplication has been made for the First Tranche Shares to be
admitted to trading on the ASX, AIM and JSE markets (Admission).
Admission of the First Tranche Shares to trading on AIM is expected
to only become effective at 8:00 a.m. on or around 11 April 2022,
and the shares will rank pari passu with the Company's existing
Ordinary Shares.
On Admission, MC Mining's issued share capital shall comprise
192,783,464 Ordinary Shares. This figure may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the ASX Listing Rules or the FCA's Disclosure
Guidance and Transparency Rules.
On Admission, SGIH will have a 19.9% interest in the Company's
issued share capital.
Unless otherwise defined, terms used in this announcement shall
have the same meanings as those set out in the Company's
announcement of 1 February 2022.
Authorised by
Tony Bevan
Company Secretary
This announcement has been approved by the Company's Disclosure
Committee.
For more information contact:
Sam Randazzo Interim CEO MC Mining Limited +61 408 945010
Tony Bevan Company Secretary Endeavour Corporate Services +61 08 9316 9100
Company advisors:
James Harris / James Dance Nominated Adviser Strand Hanson Limited +44 20 7409 3494
Rory Scott Broker (AIM) Tennyson Securities Limited +44 20 7186 9031
James Duncan Financial PR (South Africa) R&A Strategic Communications +27 11 880 3924
Investec Bank Limited is the nominated JSE Sponsor
About MC Mining Limited:
MC Mining is an AIM/ASX/JSE-listed coal exploration, development
and mining company operating in South Africa. MC Mining's key
projects include the Uitkomst Colliery (metallurgical and thermal
coal), Makhado Project (hard coking coal). Vele Colliery (semi-soft
coking and thermal coal), and the Greater Soutpansberg Projects
(coking and thermal coal).
Statements of intention
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only, which may change as new information becomes available or
circumstances change.
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END
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