Business
Exercise of Warrants
Exercise of Warrants.
About this update from Bluebird Mining Ventures Ltd.
[{"type":"text","content":"\n \n \n RNS Number : 1889V\n Bluebird Merchant Ventures Limited\n 05 August 2020\n \n \n \n \n \n \n \n Bluebird Merchant Ventures Ltd\n \n \n \n (the \n \n \"\n \n Company\" or \n \n \"\n \n Bluebird\")\n \n \n \n Exercise of Warrants \n \n \n Bluebird Merchant Ventures (EPIC: BMV), the Korean focused gold development group is pleased to announce that it has received a Notice of Exercise from warrant holders in relation to an exercise of warrants over 8,846,153 shares at 1.3p (\"Warrant Shares\"). The proceeds from the Exercise of Warrants is £115,000 and the proceeds have been applied to the outstanding loan balance that was related to the short term loan that was announced on 26 March 2020. A further 769,231 shares (\"Fee Shares\") have been issued in relation to interest and costs associated with the loan. The loan has now been fully repaid. \n \n \n The Warrant Shares and Fee Shares will rank pari passu with the Company's existing issued ordinary shares and application will be made for the Warrant Shares and the Fee Shares to be admitted to the Main Market of the London Stock Exchange (\"Admission\"). Admission is expected to occur on or around 12 August 2020. \n \n \n The Company's issued ordinary share capital, as enlarged by the share issuance will be 397,647,406 ordinary shares. This figure of 397,647,406 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \n \n The Company is a non-UK issuer for the purposes of the Disclosure Guidance and Transparency Rules. As such, a person must notify the issuer of the percentage of its voting rights he holds as a shareholder if the percentage of voting rights reaches, exceeds, or falls below 5%, 10%, 15%, 20%, 25%, 30%, 50% and 75%. The Company will make public the notification within three trading days following receipt. \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014 (\"MAR\").\n \n \n Enquiries:\n \n \n \n \n \n Bluebird Merchant Ventures Ltd\n \n \n \n \n [email protected]\n \n \n \n \n \n \n Jonat...