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Arc Minerals Ltd announced on 12 August 2024 that it has issued 2,094,000 new ordinary shares to creditors at a price of 1.7498 per share in lieu of cash for services rendered. Application will be made for these shares to be admitted to trading on AIM, with admission expected on or around 16 August 2024. Following admission, the total number of voting rights in the Company will be 1,448,108,263.
| Date | 12 Aug 2024 |
| Time | 14:53:16 |
| Category | Capital structure |
| ID | 1321A |
12 August 2024
Arc Minerals Ltd
('Arc' or the 'Company')
Issue of Shares
Arc Minerals announces that is has issued 2,094,000 new ordinary shares of no par value in the share capital of the Company ("Ordinary Shares") to creditors at a price per share of 1.7498 in lieu of cash for services rendered to the Company ("Consideration Shares").
Application will be made to the London Stock Exchange plc for the 2,094,000 Consideration Shares to be admitted to trading on AIM ("Admission") with Admission expected to occur on or around 16 August 2024. The New Ordinary Shares will rank pari passu in all respects with the existing Ordinary Shares including the right to receive any dividend or other distribution thereafter declared, made or paid. There are no Ordinary Shares held in treasury. Following Admission of the Consideration Shares the total number of voting rights in the Company will be 1,448,108,263.
For further information contact:
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Arc Minerals Ltd Nick von Schirnding (Executive Chairman)
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c/o Benchmark Communications |
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WH Ireland (Nominated Adviser & Joint Broker) Katy Mitchell/Harry Ansell
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Tel: +44 (0) 20 7220 1666 |
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Shard Capital Partners LLP (Joint Broker) Damon Heath
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Tel: +44 (0) 20 7186 9952 |
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Benchmark Communications (Investor Relations) Richard Kauffer
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Tel: +44 (0) 7841 67 3210 |
For more information, visit www.arcminerals.com.