Business
Result of General Meeting and Issue of Equity
Result of General Meeting and Issue of Equity.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 1243Z Savannah Resources PLC 08 December 2014 \n \n\n \nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n8 December 2014\n \nSavannah Resources Plc ('Savannah' or 'the Company')\n \nResult of General Meeting\nIssue of Equity\n \nSavannah Resources plc (AIM: SAV) is pleased to announce that all resolutions put to shareholders at its General Meeting held today were duly passed. Accordingly the Company will now issue 15,229,467 new Ordinary Shares in connection to the recently announced placing (as announced on 21 November 2014).\n \nIn addition, the Company has agreed to issue new ordinary shares in lieu of consultancy fees. A professional group providing Savannah with consulting and investing services will be issued with 1,235,955 of shares at 4.45p per share in lieu of consulting fees due in cash. \n \nApplication has been made for the new ordinary shares, which will rank pari passu with existing ordinary shares, to be admitted to trading on AIM (\"Admission\"). Admission is expected to occur at 8.00 a.m. on 9 December 2014. Therefore, following Admission, the total number of voting rights in the Company will be 223,169,714 ordinary shares. This number 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 FCA's Disclosure and Transparency Rules.\n \n \n**ENDS**\n \nFor further information please visit www.savannahresources.com or contact:\n \n\n\n\n\nDavid Archer\n\n\nSavannah Resources plc\n\n\nTel: +44 20 7389 5019\n\n\n\n\nJames Biddle (Nominated Adviser)\nCharlie Cryer (Corporate Broker)\n\n\nRFC Ambrian Limited\n\n\nTel: +44 20 3440 6800\n\n\n\n\nFelicity Winkles/ Charlotte Heap\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: +44 20 7236 1177\n\n\n\n\n \nNotes\nSavannah Resources Plc (AIM: SAV) is a growth oriented, multi-commodity, exploration and development company. It has an 80% shareholding in Matilda Minerals Limitada which operates the Jangamo exploration project in a world class mineral sands province in Mozambique which borders Rio Tinto's Mutamba deposit, one of two major deposits Rio Tinto has defined in Mozambique, which collectively have an exploration target...