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RNS Number : 1321A Arc Minerals Limited 12 August 2024
12 August 2024
Arc Minerals Ltd
('Arc' or the 'Company')
Issue of Shares
Arc Minerals announces that is has issued 2,094,000 new ordinary shares of no
par value in the share capital of the Company ("Ordinary Shares") to creditors
at a price per share of 1.7498 in lieu of cash for services rendered to the
Company ("Consideration Shares").
Application will be made to the London Stock Exchange plc for the 2,094,000
Consideration Shares to be admitted to trading on AIM ("Admission") with
Admission expected to occur on or around 16 August 2024. The New Ordinary
Shares will rank pari passu in all respects with the existing Ordinary Shares
including the right to receive any dividend or other distribution thereafter
declared, made or paid. There are no Ordinary Shares held in treasury.
Following Admission of the Consideration Shares the total number of voting
rights in the Company will be 1,448,108,263.
For further information contact:
Arc Minerals
Ltd
c/o Benchmark Communications
Nick von Schirnding (Executive Chairman)
WH Ireland (Nominated Adviser & Joint Broker) Tel: +44 (0) 20 7220 1666
Katy Mitchell/Harry Ansell
Shard Capital Partners LLP (Joint Broker) Tel: +44 (0) 20 7186 9952
Damon Heath
Benchmark Communications (Investor Relations) Tel: +44 (0) 7841 67 3210
Richard Kauffer
For more information, visit www.arcminerals.com (http://www.arcminerals.com/)
.
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