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DJ Equatorial Mining & Exploration PLC Issue of New Ordinary Shares

TIDMEM.P

RNS Number : 4178L

Equatorial Mining & Exploration PLC

30 September 2016

30 September 2016

Equatorial Mining & Exploration Plc

("EME" or the "Company")

Issue of New Ordinary Shares

The Company announces the issue of new ordinary shares totalling 1,162,000,000 to various parties following the receipt of instructions by the Company as summarised below:

 
 Equatorial Employee 
  Benefits Trust              540 million 
---------------------------  ------------ 
 Outstanding Consultants' 
  invoices                    22 million 
---------------------------  ------------ 
 Conversion of Convertible 
  Loan Stock                  360 million 
---------------------------  ------------ 
 Exercise of Warrants         240 million 
---------------------------  ------------ 
 

The outstanding warrant holdings total 740,000,000.

Following the allotment, the total issued share capital of the Company will increase to 5,918,941,670 ordinary shares of 0.01 p each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

The 1,162,000,000 new ordinary shares will be admitted to trading on ISDX Growth Market on 30 September 2016.

Significant and directorate share holdings, as shown on the members register, are as follows:

 
 Holder                       Holding         Holding         % of 
                               before          now             issued 
                                                               share 
                                                               capital 
---------------------------  --------------  --------------  --------- 
 First Names Trust 
  Company                       792,400,000   1,332,400,000       22.5 
---------------------------  --------------  --------------  --------- 
 Pershing Nominees 
  Limited                     1,026,323,335   1,026,323,335       17.3 
---------------------------  --------------  --------------  --------- 
 GTI Intl. Ltd                  800,000,000     800,000,000       13.5 
---------------------------  --------------  --------------  --------- 
 Grandinex Intl Corp            800,000,000               0          0 
---------------------------  --------------  --------------  --------- 
 Spreadex Limited                       N/A     800,000,000       13.5 
---------------------------  --------------  --------------  --------- 
 JIM Nominees Limited           457,776,667     714,776,667       12.1 
---------------------------  --------------  --------------  --------- 
 WB Nominees Ltd (Nicholas 
  Nelson, Director)             153,500,000     293,500,000        5.0 
---------------------------  --------------  --------------  --------- 
 Simon Retter, Director             750,000         750,000          0 
---------------------------  --------------  --------------  --------- 
 

Enquiries:

 
 Equatorial Mining & Exploration 
  Plc:                                nelson@nexfin.org.uk 
  Nicholas Nelson, Executive 
  Chairman 
---------------------------------  ----------------------- 
 ISDX Adviser and Broker 
  Alexander David Securities 
  David Scott: Head of 
  Corporate Finance 
  James Dewhurst: Institutional 
  Sales                             +44 (0) 207 448 9820 
---------------------------------  ----------------------- 
 

The Directors take responsibility for this announcement.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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September 30, 2016 12:38 ET (16:38 GMT)