Business
Placing Settlement and Total Voting Rights
Placing Settlement and Total Voting Rights.
About this update from European Metals Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 2240J European Metals Holdings Limited 15 August 2019 \n\nFor immediate release\n15 August 2019\nEUROPEAN METALS HOLDINGS LIMITED\nPLACING SETTLEMENT AND TOTAL VOTING RIGHTS\n \nFurther to the announcement on 14 August 2019 by European Metals Holdings Limited (\"European Metals\" or \"the Company\") in respect of the placing, application will be made for the admission to trading on AIM and ASX of the Placing Shares (\"Admission\"). Admission is expected to occur at 8.00am on 29 August 2019 (UK time), at which time it is also expected that the Depositary Interests will be enabled for settlement in CREST and CHESS. The Placing Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.\n \nTotal voting rights\nFollowing Admission, the Company will have 150,808,893 Ordinary Shares in issue. There are no shares held in treasury. The total voting rights in the Company are therefore 150,808,893 and shareholders may use this figure as the denominator by which they are required to notify their interest in, or change to their interest in, the Company under the Disclosure Guidance and Transparency Rules. \n \n \nBACKGROUND INFORMATION ON CINOVEC\nPROJECT OVERVIEW\n \nCinovec Lithium/Tin Project \n \nEuropean Metals, through its wholly owned subsidiary, Geomet s.r.o., controls the mineral exploration licenses awarded by the Czech State over the Cinovec Lithium/Tin Project. Cinovec hosts a globally significant hard rock lithium deposit with a total Indicated Mineral Resource of 372.4Mt at 0.45% Li2O and 0.04% Sn and an Inferred Mineral Resource of 323.5Mt at 0.39% Li2O and 0.04% Sn containing a combined 7.18 million tonnes Lithium Carbonate Equivalent and 263kt of tin reported 28 November 2017 (Further Increase in Indicated Resource at Cinovec South). An initial Probable Ore Reserve of 34.5Mt at 0.65% Li2O and 0.09% Sn reported 4 July 2017 (Cinovec Maiden Ore Reserve - Further Information) has been declared to cover the first 20 years mining at an output of 22,500tpa of lithium carbonate reported 11 July 2018 (Cinovec Production Modelled to Increase to 22,500tpa of Lithium Carbonate).\n \nThis makes Cinovec the largest lithium deposit in Europe, the fourth largest non-brine deposit in the world and a globally significant tin resource.\n \nT...