Prairie Mining Limited Change in substantial holding (1762E)
November 04 2020 - 2:55AM
UK Regulatory
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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