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On 08 December 2023, Empire Metals Limited announced it received notification from an option holder to exercise options over 500,000 new ordinary shares at 4 pence per share and 500,000 new ordinary shares at 5.5 pence per share. The Company subsequently issued these 1,000,000 new ordinary shares to the option holder for an aggregate cash value of £47,500. Application will be made for admission of these shares to AIM, expected on or around 14 December 2023, after which the total issued share capital will be 570,240,921 ordinary shares.
| Date | 8 Dec 2023 |
| Time | 14:36:00 |
| Category | Capital structure |
| ID | 2276W |
Empire Metals Limited / LON: EEE / Sector: Natural Resources
8 December 2023
Empire Metals Limited
("Empire" or the "Company")
Exercise of Options & Issue of Equity
Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and development company, announces that it has received notification from an option holder to exercise options over 500,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 4 pence per share and 500,000 New Ordinary Shares at a price of 5.5 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the option holder for an aggregate cash value of £47,500.
Application for Admission
Application will be made to the London Stock Exchange for the new shares to be admitted to trading on AIM ('Admission'). It is expected that Admission will become effective on or around 14 December 2023.
Following Admission of the new shares as described above, the issued share capital of the Company will consist of 570,240,921 ordinary shares of no-par value. 570,240,921 represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
**ENDS**
For further information please visit www.empiremetals.co.uk or contact:
|
Empire Metals Ltd Shaun Bunn / Greg Kuenzel |
Tel: 020 4583 1440 |
|
S. P. Angel Corporate Finance LLP (Nomad & Broker) Ewan Leggat / Adam Cowl |
Tel: 020 3470 0470 |
|
Shard Capital Partners LLP (Joint Broker) Damon Heath |
Tel: 020 7186 9950 |
|
St Brides Partners Ltd (Financial PR) Susie Geliher / Ana Ribeiro / Max Bennett |
Tel: 020 7236 1177 |
About Empire Metals Limited
Empire Metals is an AIM-listed (LON: EEE) exploration and resource development company with a project portfolio comprising copper, titanium and gold interests in Australia and Austria.
The Company's strategy is to develop a pipeline of projects at different stages in the development curve. Its current focus is on the Pitfield Project in Western Australia, which has demonstrated to contain a newly recognised giant mineral system that hosts a globally significant titanium discovery.
The Company also has two further exploration projects in Australia; the Walton Project in Western Australia, and the Stavely Project in the Stavely Arc region of Victoria, in addition to three precious metals projects located in a historically high-grade gold producing region of Austria.