DJ Equatorial Mining & Exploration PLC Issue of Equity - Mandatory Loan note conversion
RNS Number : 3095I
Equatorial Mining & Exploration PLC
07 August 2019
7 August 2019
Equatorial Mining and Exploration Plc
("EME" or the "Company")
Conversion of Convertible Loan Notes
The Company is pleased to announce that pursuant to the announcement by the Company on 3 June 2019, the Noteholders of the Convertible Loan Notes have converted the whole of, the principal amount outstanding under the Notes into new ordinary shares of 0.01p par value in the capital of the Company ("Ordinary Shares").
The 9,040,000,000 new Ordinary Shares resulting from the converstion of the Convertible Loan Notes will be admitted to trading on NEX Exchange Growth Market today, 7 August 2019.
Following the conversion, the issued share capital of the Company will increase to 24,299,849,507 Ordinary Shares of 0.01p 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 directors of Equatorial Mining and Exploration Plc accept responsibility for this announcement.
Equatorial Mining & Exploration Plc: email@example.com
Charles Bray, Executive Chairman
NEX EXCHANGE CORPORATE ADVISER:
Alexander David Securities Limited
David Scott -Corporate Finance
James Dewhurst - Corporate Broking
Telephone: +44 (0) 20 7448 9820
49 Queen Victoria Street, London EC4N 4SA
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(END) Dow Jones Newswires
August 07, 2019 11:59 ET (15:59 GMT)