Business
EXERCISE OF OPTIONS AND ISSUE OF EQUITY
EXERCISE OF OPTIONS AND ISSUE OF EQUITY.
About this update from Alien Metals Ltd
[{"type":"text","content":"\n\n16 May 2023\nALIEN METALS LIMITED\n(\"Alien Metals\" or \"the Company\")\n \nEXERCISE OF OPTIONS AND ISSUE OF EQUITY\nTVR\n \nAlien Metals Limited, a minerals exploration and development company, is pleased to announce that, following the receipt of an Exercise Notice, it has issued 8,142,373 ordinary shares of no par value in the capital of the Company at an issue price of 0.25 pence per share (\"New Ordinary Shares\"). The New Ordinary Shares will rank pari passu with the existing ordinary shares in issue and application will be made to the London Stock Exchange for 8,142,373 New Ordinary Shares to be admitted to trading on AIM. Admission of the New Ordinary Shares is expected to become effective at 08.00 on or around 22 May 2023.\nFollowing Admission, the Company will have 5,335,479,174 ordinary shares of no par value in issue. The Company has no shares in treasury, therefore the figure of 5,335,479,174 should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \nFor further information please visit the Company's website at www.alienmetals.uk, or contact:\n \nAlien Metals Limited\nGuy Robertson, Executive Chairman\nTel: +44 (0) 20 7138 3204\n \nBeaumont Cornish Limited (Nomad)\nJames Biddle / Roland Cornish\nTel: +44 (0) 207 628 3396\n \nWH Ireland Ltd (Joint Broker)\nHarry Ansell / Katy Mitchell\nTel +44 (0) 207 220 1666\n \nBlytheRay (Financial PR)\nTim Blythe / Megan Ray / Said Izagaren\nTel: +44 (0) 20 7138 3204\n \nNotes to Editors\n \nAlien Metals Ltd is a mining exploration and development Company listed on the AIM market of the London Stock Exchange (LSE: UFO). The Company's focus is on delivering a profitable, long life direct shipping iron ore operation based out of the Pilbara in Western Australia. In 2019, the Company acquired 51% of the Brockman and Hancock Ranges high-grade (Direct Shipping Ore) iron ore projects and in December 2022 moved to 90% legal and beneficial ownership. The Company also acquired 100% the Vivash Gorge Iron Ore project in the west Pilbara in July 2022.\nThe Company acquired 100% of the Elizabeth Hill Silver Project, which consists of the...