Business
Result of AGM and Issue of Equity
Result of AGM and Issue of Equity.
About this update from Aterian Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9633G\n Eastinco Mining and Exploration PLC\n 30 November 2020\n \n \n \n \n 30 November 2020\n \n \n \n \n \n Eastinco Mining & Exploration Plc (\"EME\" or the \"Company\")\n \n \n \n \n \n Result of Annual General Meeting\n \n \n \n \n \n Issue of New Ordinary Shares and Warrants to subscribe for Ordinary Shares\n \n \n \n \n \n Notification of Interests\n \n \n \n \n \n \n \n \n The Company announces that at the Annual General Meeting held on the 30th of November 2020, all resolutions were duly passed.\n \n \n \n \n \n Further to the exercise of 1.5p exercise price warrants which expired on the 30th of September, the Company announces the issue of 4,500,000 new ordinary shares of 1 pence for consideration of £67,500 of cash and the reduction of debt, and the issue of 4,500,000 warrants with a 3 pence exercise price expiring August 2024 (3p 2024 warrants) converting into ordinary shares. The newly issued shares will rank pari passu with the Company's existing ordinary shares and will be admitted to trading on AQSE Growth Market. As a result of the new issue of ordinary shares the Company's now has \n 423,463,829 ordinary shares of 1 pence outstanding and 55,215,333 3p 2024 warrants in issue.\n \n \n \n \n \n The Company wishes to remind Shareholders of their obligations to notify the Company of changes to their shareholdings in accordance with the Disclosure Guidance and Transparency Rules (\"DTRs\"). Persons who are not exempt of notification requirements must notify the issuer of their direct or indirect holdings of voting rights which they hold as a Shareholder or are deemed to hold through their direct or indirect holding of financial instruments falling within DTR 5.3.1R(1), if the percentage of the person's voting rights reaches, exceeds or breaches a notifiable threshold.\n \n \n \n \n \n \n \n \n \n Enquiries\n \n :\n \n \n \n \n \n For further information, please visit http://www.eastinco.com/ or contact:\n \n \n \n \n \n Eastinco Mining & Exploration Plc\n :\n \n \n Charles Bray, Executive Chairman - [email protected]\n \n \n Simon Rollason, CEO - [email protected]\n \n \n \n \n \n AQSE Growth Market Corporate Adviser\n :\n \n \n Alfred Henry Corporate Finance Limited\n \n \n Nick...