Source - RNS
RNS Number : 6994J
Wolf Minerals Limited
30 June 2017
 

 

30 June 2017

 

Wolf Minerals Limited

 ("Wolf" or the "Company")

 

Issue of Equity and Change of Directors' Interests

 

Issue of Shares

Wolf Minerals Limited announces that on 30 June 2017 a total of 1,334,714 fully paid ordinary shares of no par value ("the Shares") were issued.

A total of 458,015 Shares were issued to certain directors (or persons closely associated with them) in lieu of part fees for the quarter ended 30 June 2017 under the Company's Directors' Share Plan ("the Plan") as approved by shareholders on 21 November 2014, 16 November 2015 and 29 November 2016. Under the Plan, non-executive directors receive a portion of their fees in shares, allowing the Company to preserve its cash reserves. These new shares were issued at a price of AUD $0.0655 (equivalent to approximately 3.9 pence) per Share.

Director

Shares issued

Total resulting holding in the Company

(%)

Mr John Hopkins  OAM

183,206

1,243,098

0.11

Mr Ronnie Beevor

91,603

804,522

0.07

Mr Don Newport

91,603

454,522

0.04

Mr Nicholas Clarke

91,603

454,522

0.04

91,603 Shares have also been issued to each of Resource Capital Funds Management Pty Ltd and TTI (NZ) Limited under the Plan in respect of part director fees due to their respective Board representatives, Mr Chris Corbett and Mr Michael Wolley.  A further 693,493 Shares have been issued to a former executive following the vesting of performance rights previously issued under the Performance Rights Plan.

Application has been made for the 1,344,714 Shares to be admitted to AIM and on the Australian Securities Exchange ("ASX") ("Admission"). Admission to trading on AIM of these Shares is expected to become effective on 5 July 2017. The Shares will rank pari passu with the Company's existing Shares.

Following Admission, the number of ordinary shares on issue and admitted to trading on AIM and the ASX will be 1,087,645,948.

 ENDS

 

Numis Securities

John Prior/James Black/Paul Gillam                                              +44(0)20 7260 1000

Newgate

Adam Lloyd / Ed Treadwell                                                                +44 (0) 20 7653 9850

Wolf Minerals Limited

Richard Lucas                                                                                      +61 (0) 8 6143 2070

 

 

About Wolf Minerals

Wolf Minerals is a dual listed ("ASX: WLF", "AIM: WLFE") specialty metals company. With global demand for tungsten rising and future global production expected to be constrained, Wolf Minerals has recently completed the development of a large tungsten resource at its Drakelands Mine, located at Hemerdon, in southwest England.


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