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Asiamet Broker Warrants Exercised and Lapse of ...
Asiamet Broker Warrants Exercised and Lapse of ....
About this update from Asiamet Resources Limited
[{"type":"text","content":"\n Asiamet Broker Warrants Exercised and Lapse of WarrantsAsiamet Resources Limited (\"ARS\" or the \"Company\") reports that Optiva Securities Limited, holder of 5,108,333 broker warrants exercisable at C$0.05 until expiry on 1 June 2017 (\"Broker Warrants\"), delivered notice of exercise on 11 May 2017. Exercise of the Broker Warrants will result in ARS receiving funds of C$255,417.Application has been made for the 5,108,333 common shares to be issued pursuant to the exercise of the Broker Warrants (\"Broker Shares\") to be admitted to trading on AIM (\"Admission\"). It is expected that Admission to AIM will become effective and dealings in the Broker Shares will commence on or around 18 May 2017. On 13 May 2017, a total of 1,708,746 warrants with an exercise price of C$0.12 expired unexercised. Tony Manini, a director of ARS and the Company's Executive Chair, held 434,453 and Stephen Hughes, a director of ARS and the Company's Vice President Exploration, held 131,559 of the warrants. The share holdings of each of the directors remains unchanged, while the warrants now held by each director comprise:Tony Manini (all directly held):Stephen Hughes (all directly held):WarrantsExpiry DateEx. PriceWarrantsExpiry DateEx. Price917,85713-Apr-2019C$0.10611,90413-Apr-2019C$0.10ARS now has the following warrants on issue:1,874,364 C$0.05 warrants expiring 5 November 20172,147,581 C$0.06 warrants expiring 26 April 20183,533,747 C$0.10 warrants expiring 13 April 20193,475,652 C$0.05 warrants expiring 23 December 2018The total number of common shares outstanding after completion of the issue of the Broker Shares will increase from 710,245,969 to 715,354,302.ON BEHALF OF THE BOARD OF DIRECTORSPeter Bird, Managing Director and CEOFor further information, please contact: -Ends-Peter BirdManaging Director and CEO, Asiamet Resources Limited Telephone: +61 3 8644 1300 Email: [email protected] ManiniExecutive Chairman, Asiamet Resources Limited Telephone: +61 3 8644 1300 Email: [email protected] LimitedSasha SethiTelephone: +44 (0) 7891 677 441Email: [email protected] Asiamet Resources Nominated AdviserRFC Ambrian LimitedAndrew Thomson / Stephen AllenTelephone: +61 8 9480 2500Email: [email protected] / [email protected] Capital LimitedAndrew Ra...