RNS Number : 3871G
Equatorial Mining & Exploration PLC
05 November 2018
 

5th November 2018

 

Equatorial Mining & Exploration Plc ("EME" or the "Company")

 

Result of Annual General Meeting

 

Issue of New Ordinary Shares and Warrants to subscribe for Ordinary Shares

 

 

The Company announces that at the Annual General Meeting, all resolutions were duly passed.

 

Further to an Investment Agreement with ARQ Minerals (Pty) Limited ("ARQ") announced on 17th July 2018, EME is pleased to announce that ARQ has since made additional investments in the Company in return for 300,000,000 ordinary shares and 300,000,000 warrants to subscribe for ordinary shares at 0.02p per share.

 

In addition, as part of the Company's commitment to rid itself of all legacy debt 300,000,000 further shares have been issued to a former creditor and the details are tabulated below

 

Accordingly the Company announces the issue of a total 600,000,000 new ordinary shares of 0.01p.

 

The new shares will rank pari passu with the Company's existing ordinary shares and will be admitted to trading on NEX Exchange Growth Market on  6th November 2018.

 

 

As a result, the changes to the Company's shares and warrants in issue are tabulated below:

 


Ord Shares of 0.01p

Warrants to subscribe for ordinary shares at 0.02p

Previously in issue

10,659,849,507

500,000,000

Currently in issue

11,259,849,507

800,000,000

 

Changes to the Directors' stock interests are set out below:

 


Ord shares of 0.01p

% of enlarged share capital

Employee Benefits Trust under option at 0.01p per share

Nicholas Nelson

545,939,024

4.8

891,990,000

Simon Retter

116,636,179

1.0

200,000,000

 

Shareholders with 3% or more of the issued share capital

 

Registered Shareholder

Shareholding

% of enlarged share capital

JIM Nominees Limited

2,676,866,870

23.7

First Names Trust Company Limited

1,332,400,000

11.8

M M Daniel

1,241,326,000

11.0

Spreadex Limited

823,100,000

7.3

GTI International Limited

800,000,000

7.1

Reba Global Pty Ltd

800,000,000

7.1

Pershing Nominees Ltd

727,386,854

6.5

Alexander David Securities

600,000,000

5.3

M Staten

600,000,000

5.3

 

 

 

Enquiries:

 

Equatorial Mining & Exploration Plc:
Nicholas Nelson, Executive Chairman

 

nelson@nexfin.org.uk

NEX Exchange Adviser and Broker

Alexander David Securities

James Dewhurst

 

+44 (0) 207 448 9820

 

 

 

The Directors take responsibility for this announcement.

 


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