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REG - Arc Minerals Limited - Issue of Shares

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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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