Business
Exercise of Warrants and Issue of Equity
Exercise of Warrants and Issue of Equity.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \nRNS Number : 3697X Sula Iron & Gold PLC 21 February 2017 \n\n21 February 2017\nSula Iron & Gold plc\n \n(\"Sula\" or the \"Company\")\n \nExercise of Warrants and Issue of Equity\n \nSula (AIM: SULA), the iron and gold exploration company focused on Sierra Leone, announces that it has allotted and issued 9,375,000 new ordinary shares of 0.1 penny each in the capital of the Company at a price of 0.16 pence per share (the \"Warrant Shares\") further to the exercise of certain warrants. The gross proceeds of exercise amounted, in aggregate, to £15,000.\n \nThe Company has made application for the Warrant Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective and that dealings in the Warrant Shares will commence at 8.00 a.m. on 24 February 2017. The Warrant Shares will be fully paid and will rank pari passu in all respects with the Company's existing ordinary shares.\n \nFor the purposes of the Disclosure and Transparency Rules, following Admission of the Warrant Shares, the Company's total issued ordinary share capital will consist of 2,086,100,433 ordinary shares of 0.1 penny each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.\n \n \nFor further information, please visit www.sulaironandgold.com or contact the following:\n \n\n\n\n\n\n\n\n\nSula Iron & Gold plc\nRoger Murphy (CEO)\n\n\n \n\n\n+44 (0) 7788 913794 \n\n\n\n\nStrand Hanson Limited (Financial and Nominated Adviser)\nJames Harris / Matthew Chandler / James Dance\n\n\n \n\n\n+44 (0) 20 7409 3494\n\n\n\n\nVSA Capital Limited (Broker)\nAndrew Raca\n\n\n \n\n\n+44 (0) 20 3005 5000\n\n\n\n\n\n\n\n\n\n \nThe information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.\n \n**ENDS**\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END IOETMMRTMBTTBTR\n ","length":4286,"tagName":"div"}]