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AfriTin Mining Limited received notice and on January 27, 2022, issued 1,250,000 Ordinary Shares at an exercise price of 4.5p following the exercise of options. The Company has applied for admission of these shares to AIM, with dealings anticipated to commence on February 3, 2022. Upon admission, AfriTin's issued share capital and total voting rights will comprise 1,116,568,000 Ordinary Shares.
| Date | 27 Jan 2022 |
| Time | 16:22:27 |
| Category | Capital structure |
| ID | 8991Z |
27 January 2022
AfriTin Mining Limited
("AfriTin" or the "Company")
Exercise of Share Options
AfriTin has received notice of exercise for options over 1,250,000 ordinary shares at an exercise price of 4.5p, and accordingly the Company has today issued 1,250,000 Ordinary Shares (the "Option Shares") to satisfy this exercise.
Application has been made to admit the Option Shares to trading on AIM and it is anticipated that the application will be effected and dealings will commence on 3 February 2022 ("Admission").
Disclosure and Transparency Rules
In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms that, upon Admission its issued share capital will comprise 1,116,568,000 Ordinary Shares of no-par value upon Admission (the "Enlarged Share Capital"). All of these Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting rights in the Company will therefore be 1,116,568,000 upon Admission. This total voting rights figure may be used by shareholders as the denominator for the calculations by which they will determine whether they are required to notify their interests in, or a change to their interest in, the Company under the DTRs.
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AfriTin Mining Limited |
+27 (11) 268 6555 |
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Anthony Viljoen, CEO |
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Nominated Adviser |
+44 (0) 20 7220 1666 |
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WH Ireland Limited Katy Mitchell |
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Corporate Advisor and Joint Broker |
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H&P Advisory Limited Andrew Chubb Jay Ashfield Nilesh Patel |
+44 (0) 20 7907 8500 |
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Stifel Nicolaus Europe Limited Ashton Clanfield Callum Stewart
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+44 (0) 20 7710 7600 |
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Tavistock Financial PR (United Kingdom) |
+44 (0) 20 7920 3150 |
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Jos Simson Nick Elwes Oliver Lamb |
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About AfriTin Mining Limited
Notes to Editors
AfriTin Mining Limited is a London-listed tech-metals mining company with a vision to create a portfolio of globally significant, conflict-free, producing assets. The Company's flagship asset is the Uis Tin Mine in Namibia, formerly the world's largest hard-rock open cast tin mine.
AfriTin is managed by an experienced board of directors and management team with a current strategy to ramp-up production at the Uis Tin Mine in Namibia to 10,000 tonnes of tin concentrate and 350,000 tonnes of lithium concentrate in a Phase 2 expansion, having reached Phase 1 commercial production in 2020. The Company strives to capitalise on the solid supply/demand fundamentals of tin and lithium by developing a critical mass of resource inventory, achieving production in the near term and further scaling production by consolidating tech-metal assets in Africa.