Business
Issue of Equity and TVR
Issue of Equity and TVR.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 1075R European Metals Holdings Limited 04 March 2016 \n\nFor immediate release\n4 March 2016\nEuropean Metals Holdings Limited\nEquity issue and total voting rights\nAs announced earlier today, European Metals Holdings Limited (\"European Metals\" or \"the Company\") (ASX and AIM: EMH) has received firm commitments for the placement of 13 million ordinary shares (represented by Chess Depositary interests or \"CDI's\") in the Company (\"Placing Shares\") at an issue price of AU$0.135 per Placing Share to raise AU$1,755,000.\n \nThe placement represents approximately 15% of the current issued capital of the Company and has been made to sophisticated investors including the Company's existing largest shareholder, Rare Earth Minerals plc.\n \nThe funds have been raised to further development at the Company's 100% owned Cinovec Lithium and Tin Project in the Czech Republic, located on the border with Germany and the Czech Republic.\nThe placement is priced at a discount of approximately 3% to the 5 day volume weighted average price.\nApplication will be made for the Placing Shares to be admitted to trading on AIM with admission expected to take place on or around 11 March 2016. The Placing Shares will, when issued, rank pari passu in all respects with the existing ordinary shares in EMH.\nTotal Voting Rights\n \nFollowing the issue of the 13 million Placing Shares, the total number of Ordinary Shares in issue with voting rights will be 100,051,762. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.\nEnquiries:\n\n\n\n\nEuropean Metals Holdings Limited\nKeith Coughlan, Chief Executive Officer\n \n \n \nJulia Beckett, Company Secretary\n\n\n \nTel: +61 (0) 419 996 333\nEmail: [email protected]\n \nTel: +61 (0) 6141 3504\nEmail: [email protected]\n \n\n\n\n\nBeaumont Cornish (Nomad & Broker)\nMichael Cornish\nRoland Cornish\n\n\nTel: +44 (0) 20 7628 3396\n\n\n\n\n \nENDS\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END IOESSMFFLFMSEFD...