Business
Exercise of warrants
Exercise of warrants.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2475E African Mining & Exploration PLC 04 April 2011 \n \n\n \n \nAfrican Mining & Exploration plc ('AME' or the 'Company')\n \nExercise of warrants\n \nAfrican Mining & Exploration plc, (AME), the AIM listed mining company with exploration licences in Mali, West Africa, announces it has received a notice of exercise of warrants in respect of 41,000 Ordinary Shares of 1p par value (the \"New Ordinary Shares\") at an exercise price of 12.5p per share. The net proceeds that will be received by the Company following the exercise of the warrants is £5,125.\nThe New Ordinary Shares will rank pari passu with the existing Ordinary Shares in the Company. Application has been made for the New Ordinary Shares to be admitted to trading on the AIM market of the London Stock Exchange plc (\"Admission\"). It is expected that Admission will become effective on or around 8 April 2011.\nFollowing Admission, the Company will have 84,213,306 Ordinary Shares in issue, and 57,949,993 outstanding warrants to subscribe for Ordinary Shares. The New Ordinary Shares will represent approximately 0.1 per cent. of the issued share capital of the Company immediately following Admission. \n \nEnquiries:\n \n\n\n\n\nAfrican Mining & Exploration plc\n\n\n+44 (0)207 499 4059\n\n\n\n\nMark Jones (Chief Executive Officer)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSinger Capital Markets Limited \n(Nomad and Broker)\n\n\n+44 (0)20 3205 7500\n\n\n\n\nJames Maxwell / Jenny Wyllie\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nFarm Street Communications\nSimon Robinson\n\n\n+44 (0)759 3340 107\n+44 (0)203 176 4249\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END LISIIMBTMBIMBPB \n ","length":4190,"tagName":"div"}]