Business
Result of Equity Issue
Result of Equity Issue.
About this update from Atalaya Mining Copper Sa
[{"type":"text","content":"\n \nRNS Number : 6843Y Atalaya Mining PLC 07 December 2017 \n\nTHIS ANNOUNCEMENT, INCLUDING THE APPENDICES AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT HAS NOT BEEN APPROVED BY THE LONDON STOCK EXCHANGE, NOR IS IT INTENDED THAT IT WILL BE SO APPROVED. \n \n \n 7 December 2017\nAtalaya Mining plc\n(\"Atalaya\" or the \"Company\")\n \nPlacing of new ordinary shares raising approximately £31 million\n \nAtalaya Mining plc (AIM:ATYM, TSX:AYM), the European mining and development company, today announces that, further to the announcement made on 4 December regarding the placing, it has successfully placed 18,574,555 new ordinary shares (\"Placing Shares\") with new institutional investors and existing shareholders. The Placing Shares will be issued at a price of 167 pence per share raising gross proceeds of approximately £31 million. \n \nThe Placing Shares represent approximately 16 per cent. of Atalaya's existing issued share capital. Application for admission of the Placing Shares to trading on AIM has been made and the Placing Shares are expected to commence trading on 12 December 2017 (\"Admission\"). Conditional approval of the Toronto Stock Exchange for the listing of the Placing Shares has been obtained and as such, shares will be listed on closing of the Placing. The Placing is expected to close and settle on 12 December 2017, subject to Admission. \n \nThe Company's enlarged issued ordinary share capital immediately following the issue of the Placing Shares will be 135,254,110 voting ordinary shares. \n \nFollowing the issue of the Placing Shares, the Company's largest shareholders will have the following shareholding:\n \n· Trafigura Beheer B.V. will own 30,821,213 ordinary shares representing approximately 22.8 per cent. of the enlarged issued share capital; \n· Yanggu Xiangguang Copper Co. Ltd will own 30,706,232 ordinary shares representing approximately 22.7 per cent. of the enlarged issued...