Tertiary Minerals PLC Placing, Issue of Equity & Total Voting rights (0556J)
March 31 2015 - 11:14AM
UK Regulatory
TIDMTYM
RNS Number : 0556J
Tertiary Minerals PLC
31 March 2015
Tertiary Minerals plc ("Tertiary" or "the Company")
31 March 2015
Placing, Issue of Equity& Total Voting rights
Tertiary Minerals plc, the AIM traded company building a
strategic position in the fluorspar sector is pleased to announce
that it has raised GBP350,000 by way of a placing of 13,207,547 new
ordinary shares (the "Placing Shares") at 2.65p per share (the
"Placing"). The Placing was made to a small number of institutional
investors. The Placing Shares will rank pari-passu with all
existing ordinary shares.
The Company will use the funds for the continuing evaluation and
development of its key fluorspar projects and for general working
capital purposes.
The Placing is being made under existing shareholder
authorities. Application will be made to the London Stock Exchange
for 13,207,547 ordinary shares of 1 pence in Tertiary Minerals to
be admitted to trading on AIM ("Admission"), and it is expected
that Admission will occur on or around 16 April 2015.
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 187,781,069 ordinary shares.
The above figure of 187,781,069ordinary 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.
Richard Clemmey, Managing Director of the Company, commented
today: "This small fundraising will allow the Company to maintain
momentum on its key fluorspar projects and in particular to
continue with the evaluation of our exciting MB Fluorspar project
in Nevada and to continue progress with the permitting and
feasibility stages at our more advanced Storuman project in
Sweden."
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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