Prairie Mining Limited Change in substantial holding (1762E)

TIDMPDZ

RNS Number : 1762E

Prairie Mining Limited

04 November 2020

PRAIRIE MINING LIMITED

NEWS RELEASE | 4 NOVEMBER 2020

Notice of change in substantial holder

On 4 November 2020, Prairie Mining Limited (Company) was notified via the filing of a Form 604 with ASX that CD Capital Natural Resources Fund III LP (CD Capital) had provided a notice of change of interests of substantial holder (as defined by the Corporations Act 2001) of the Company as of 23 September 2020 due to the issue of shares in the Company's Share Purchase Plan (SPP) which has led to a dilution of CD Capital's shareholding in the Company. CD Capital continues to hold 44,776,120 ordinary shares in the Company which now represents 19.61% of the Company's issued capital.

In relation to the SPP and further to the Company's announcement on 17 September 2020, an application has been made for admission of the 16,080,000 SPP shares to the standard listing segment of the Official List of the FCA (Official List) and to trading on the main market of the London Stock Exchange for listed securities (together, LSE Admission). LSE Admission is expected to take place on 6 November 2020.

Following LSE Admission, the Company's issued ordinary share capital will be 228,355,089 ordinary shares. The above figure of 228,355,089 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company following LSE Admission.

For further information please contact:

 
 Prairie Mining Limited              Tel: +44 207 478 3900 
  Ben Stoikovich, Chief Executive   Email: info@pdz.com.au 
   Officer 
 Sapan Ghai, Head of Corporate 
  Development 
  Kazimierz Chojna, Commercial 
  Officer

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November 04, 2020 02:55 ET (07:55 GMT)

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