Business
Exercise of Warrants and Issue of Equity
Exercise of Warrants and Issue of Equity.
About this update from Chesterfield Resources Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 6229L\n Chesterfield Resources PLC\n 14 January 2021\n \n \n \n \n Chesterfield Resources / EPIC: CHF / Market: LSE / Sector: Mining\n \n \n \n \n \n 14 January 2021\n \n \n Exercise of Warrants and Issue of Equity\n \n \n \n \n \n Chesterfield Resources plc announces that it has received notifications from warrant holders to exercise warrants over 200,000 new ordinary shares of 0.1 pence each in the share capital of the Company (the 'New Ordinary Shares') at a price of 5 pence per share. Accordingly the Company has today issued the New Ordinary Shares to the warrant holders for an aggregate cash value of £10,000.\n \n \n Application has been made for the New Ordinary Shares to be admitted to trading on the Main Market of the London Stock Exchange ('Admission'). Admission is expected to occur on or around Tuesday 19 January 2021.\n \n \n Total voting rights\n \n \n On Admission, the Company's issued share capital will consist of 101,911,112 ordinary shares and a total of 2,000,000 deferred shares (the deferred shares of the Company are not traded and no application will be made for such shares to be admitted to trading on the Main Market of the London Stock Exchange). The Company does not hold any Ordinary Shares in Treasury. The total voting rights from Admission will therefore be 101,911,112 ordinary shares. This figure above may be used by shareholders as from 19 January 2021 as the denominator for the calculations by which they determine if they are required to notify their interest in, or change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.\n \n \n \n \n \n Follow us on Twitter at @ChesterfieldPlc \n \n \n \n \n \n \n About Chesterfield Resources\n \n \n \n \n \n \n Chesterfield Resources is a copper-gold exploration company active in\n \n Cyprus, where it holds the largest mineral exploration licence area of any operator on the island. Polymetal International, the\n \n FTSE100 mining group, recently announced it had taken a 23% strategic investment in Chesterfield via a placing of new shares, and has appointed a director to the board.\n \n \n \n \n \n Cyprus\n \n is regarded as a good quality exploration location. It is a member of the EU, and its lega...