Source - RNS
RNS Number : 6717K
Ferrum Crescent Ltd
23 September 2016
 

 23 September 2016

Ferrum Crescent Limited

("Ferrum Crescent", the "Company" or the "Group")(ASX, AIM, JSE: FCR)

 

Exercise of Options and Issue of Equity

Ferrum Crescent, the ASX, AIM and JSE quoted metals project developer, announces that it is issuing 5,381,907 new ordinary shares of no par value each in the capital of the Company ("Ordinary Shares") as a result of the exercise of, in aggregate, 5,381,907 options exercisable at a price of 0.165 pence per share (the "Option Shares"). Such options were granted in connection with the Company's placing and subscription announced on 27 April 2016.

 

Application will be made for quotation of the Option Shares on the Australian Securities Exchange and the JSE Limited, and has been made to the London Stock Exchange plc for admission to trading on AIM ("Admission"). It is expected that Admission of the Option Shares will become effective and that dealings in the Option Shares will commence on AIM at 8.00 a.m. on 28 September 2016. The Option Shares will be fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares. Following the issue of the Option Shares, the total issued ordinary share capital of the Company will comprise 1,587,072,634 Ordinary Shares.

 

For further information on the Company, please visit www.ferrumcrescent.com or contact:

 

Ferrum Crescent Limited

Justin Tooth, Executive Chairman

Grant Button, Company Secretary

T: +61 8 9474 2995

UK enquiries:

Laurence Read (UK representative)

T: +44 7557 672 432

 

Strand Hanson Limited (Nominated Adviser)

Rory Murphy/Matthew Chandler

T: +44 (0)20 7409 3494

 

Beaufort Securities Limited (Broker)

Elliot Hance

T: +44 (0)20 7382 8300

 

Bravura Capital (Pty) Ltd (JSE Sponsor)

Doné Hattingh
T (direct): +27 11 459 5037

 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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