Sovereign Metals Limited Issue of Unlisted Performance Rights (6524M)
January 13 2023 - 2:00AM
UK Regulatory
TIDMSVML
RNS Number : 6524M
Sovereign Metals Limited
13 January 2023
SOVEREIGN METALS LIMITED
NEWS RELEASE I 13 JANUARY 2023
ISSUE OF UNLISTED PERFORMANCE RIGHTS
Sovereign Metals Limited (Sovereign or the Company) (ASX:SVM,
AIM:SVML) advises that it has issued 1,560,000 Performance Rights
to key employees and consultants as follows:
-- 740,000 performance rights subject to the "Pre-Feasibility
Study Milestone" expiring on 30 September 2023; and
-- 820,000 performance rights subject to the "Feasibility Study
Mine Milestone" expiring on 31 October 2025.
Following the issue of these Performance Rights, Sovereign has
the following securities on issue:
-- 470,875,023 ordinary fully paid shares;
-- 11,105,125 unlisted options exercisable at A$0.80 each on or before 13 May 2023;
-- 6,100,000 unlisted performance rights subject to the
"Pre-Feasibility Study Milestone" expiring on 30 September 2023;
and
-- 8,260,000 unlisted performance rights subject to the
"Feasibility Study Milestone" expiring on 31 October 2025.
ENQUIRIES
Dylan Browne
Company Secretary
+61(8) 9322 6322
Nominated Adviser on AIM
RFC Ambrian
Bhavesh Patel / Andrew Thomson +44 20 3440 6800
Joint Brokers
Berenberg +44 20 3207 7800
Matthew Armitt
Jennifer Lee
Optiva Securities +44 20 3137 1902
Daniel Ingram
Mariela Jaho
Christian Dennis
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEGXGDBGUBDGXX
(END) Dow Jones Newswires
January 13, 2023 02:00 ET (07:00 GMT)
Sovereign Metals (LSE:SVML)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sovereign Metals (LSE:SVML)
Historical Stock Chart
From Jul 2023 to Jul 2024