Tertiary Minerals PLC Exercise of Warrants, Issue of Equity and TVR (8947G)
March 09 2015 - 6:40AM
UK Regulatory
TIDMTYM
RNS Number : 8947G
Tertiary Minerals PLC
09 March 2015
Tertiary Minerals plc ("Tertiary" or "the Company")
9 March 2015
Exercise of Warrants, Issue of Equity and Total Voting
Rights
Tertiary Minerals plc, the AIM traded company building a
strategic position in the fluorspar sector, announces that it has
received a notice of exercise of Warrants to subscribe for 200,000
new ordinary shares of 1 pence each ("New Ordinary Shares") in the
Company at an exercise price of 2.375p (the "Warrant
Exercise").
On 9 March 2015, the Company resolved to issue a total of
200,000 New Ordinary Shares at 2.375p per share. The New Ordinary
Shares will rank pari passu with the Company's existing issued
ordinary shares.
Application has been made to the London Stock Exchange for
200,000 New Ordinary Shares to be admitted to trading on AIM
("Admission"), and it is expected that Admission will occur on or
around 13 March 2015.
Total Voting Rights
In accordance with Financial Conduct Authority's Disclosure and
Transparency Rules ("DTR"), following the issue and Admission, the
total issued share capital of the Company with voting rights will
be 174,573,522 ordinary shares. The Company does not hold any
ordinary shares in treasury.
The above figure of 174,573,522 ordinary shares 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 DTR.
Enquiries
Tertiary Minerals plc
Patrick Cheetham, Executive
Chairman
Richard Clemmey, Managing Director +44 (0)845 868 4580
SP Angel Corporate Finance LLP
Nominated Adviser & Joint Broker
Ewan Leggat
Katy Birkin +44 (0) 20 3470 0470
Beaufort Securities Ltd
Joint Broker
Saif Janjua +44 (0)20 7382 8300
Yellow Jersey PR Limited
Dominic Barretto
Kelsey Traynor +44 (0)7768 537 739
Notes to Editors
Tertiary Minerals plc (ticker symbol 'TYM') is an AIM-quoted
mineral exploration and development company building a significant
strategic position in the fluorspar sector. Fluorspar is an
essential raw material in the chemical, steel and aluminium
industries. Tertiary controls two significant Scandinavian projects
(Storuman in Sweden and Lassedalen in Norway) and a large deposit
of strategic significance in Nevada USA (MB Project).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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