Business
Grant of Warrants
Grant of Warrants.
About this update from Power Metal Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4356W Sula Iron & Gold PLC 27 April 2016 \n\n27 April 2016\nSula Iron & Gold PLC\n(\"Sula\" or the \"Company\") \nGrant of Warrants \nSula (AIM: Sula), a multi-commodity exploration company focused on Sierra Leone, announces that yesterday it entered into an agreement with Mr Howard Baker, a Non-Executive Director of the Company, granting Mr Baker warrants to subscribe for 15,000,000 ordinary shares of 0.1 pence each in the capital of Company (\"Ordinary Shares\") at an exercise price of 0.45 pence per Ordinary Share (the \"Warrants\"). The Warrants may be exercised immediately and will be valid for a period of 5 years from the date of grant.\nFollowing the issue of the Warrants, Mr Baker is interested in warrants to subscribe for, in aggregate, 17,833,333 Ordinary Shares in the Company. In addition, Mr Baker is interested in 6,791,666 Ordinary Shares, representing approximately 0.75 per cent. of the Company's issued ordinary share capital.\n **ENDS**\nFor further information please visit www.sulaironandgold.com or contact the following:\n\n\n\n\n\n\n\n\nSula Iron & Gold plc\nNick Warrell / Matt Wood \n\n\n\n\n\n+44 (0) 20 7583 8304\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\nYellow Jersey PR (Financial PR)\nDominic Barretto / Harriet Jackson\n\n\n\n\n\n+44 (0) 7768 537 739\n\n\n\n\n\n\n\n\n\n \nNotes:\nSula Iron & Gold plc is a multi-commodity exploration company focused in West Africa. The Company's main objective is to explore and advance its 153 sq. km. Ferensola Project in Northern Sierra Leone, which is highly prospective for coltan, gold and iron ore. In December 2014, the Company achieved a corporate milestone in delivering its JORC MRE for the BIF 1 iron ore project in which a total resource of 514.5Mt @ 31.8% Fe was identified and total oxide resource of 55.5Mt @ 45.26% Fe.\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END DSHGMGZDMVRGVZZ\n ","length":4406,"tagName":"div"}]