Business
Exercise of Warrants and Director Dealings
Exercise of Warrants and Director Dealings.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n RNS Number : 2891M\n IronRidge Resources Limited\n 20 January 2021\n \n \n \n \n 20 January 2021\n \n \n \n \n \n IronRidge Resources Limited\n \n \n (AIM: IRR)\n \n \n Director Dealings\n \n \n Issue of Equity - Exercise of Warrants \n \n \n Directors Neil Herbert and Vincent Mascolo\n \n \n Major Shareholder Assore Limited\n \n \n \n \n \n The Board of IronRidge Resources Limited (IronRidge or the Company) wishes to advise of the following Directors and Major Shareholder Dealings as a result of a conversion of warrants which occurred today.\n \n \n \n \n \n IronRidge Resources Major Shareholder Assore Limited acquired 3,000,000 shares at a price of 12p each as a result of warrants conversions for a total consideration of £360,000.\n \n \n \n \n \n IronRidge Resources Chairman Mr Neil Herbert acquired 338,572 shares at a price of 12p each as a result of warrant conversions for a total consideration of £40,629.\n \n \n \n \n \n IronRidge Resources Managing Director Mr Vincent Mascolo acquired 500,000 shares at a price of 12p each as a result of warrants conversions for a total consideration of £60,000.\n \n \n \n \n \n Following the transaction, Assore Limited and Messrs Herbert and Mascolo hold the following interests in the Company's shares:\n \n \n \n \n \n \n Director/ Shareholder\n \n \n \n \n Previous Shareholding\n \n \n \n \n Shares Acquired\n \n \n \n \n Current Holding\n \n \n \n \n Current % Ownership\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Assore Limited\n \n \n \n \n 102,816,667\n \n \n \n \n 3,000,000\n \n \n \n \n 105,816,667\n \n \n \n \n 25.26%\n \n \n \n \n \n \n Neil Herbert\n \n \n \n \n 1,877,143\n \n \n \n \n 338,572\n \n \n \n \n 2,215,715 \n \n \n \n \n 0.53%\n \n \n \n \n \n \n Vincent Mascolo\n \n \n \n \n 15,200,000\n \n \n \n \n 500,000\n \n \n \n \n 15,700,000 \n \n \n \n \n 3.75%\n \n \n \n \n \n \n \n \n \n \n \n \n The allotment of the shares will occur immediately in accordance with the Block Listing Application for the warrants as made by the Company and advised to the market on 17 September 2020. \n \n \n \n \n \n Following Admission, the Company will have a total of 418,911,460 Ordinary Shares in issue with each share carrying the right to one vote....