Alba Mineral Resources PLC Clogau Update - Completion of Acquisition (8430X)
September 01 2022 - 2:02AM
UK Regulatory
TIDMALBA
RNS Number : 8430X
Alba Mineral Resources PLC
01 September 2022
Alba Mineral Resources plc
("Alba" or the "Company")
Clogau Update
Completion of Acquisition
Further to its announcement on 23 August 2022, Alba Mineral
Resources plc (AIM: ALBA) is pleased to announce that it has now
completed the acquisition of a further 10 per cent interest in Gold
Mines of Wales Limited ("GMOW") on the terms set out in that
announcement. Accordingly, Alba now holds a 100 per cent interest
in the Clogau Gold Project situated within the Dolgellau Gold Belt
in North Wales, United Kingdom (the "Project").
Admission to AIM
Application will be made for the 200 million Alba consideration
shares to be admitted to trading on AIM ("Admission"). It is
expected that Admission will become effective at 8.00 a.m. on 6
September 2022. The new ordinary shares will be issued credited as
fully paid and will rank in full for all dividends and other
distributions declared, made or paid after Admission and will
otherwise rank on Admission pari passu in all respects with the
existing ordinary shares.
Total Voting Rights
Following Admission, the total number of ordinary shares in
issue will be 6,604,645,919. The Company does not hold any ordinary
shares in treasury. Therefore, the total number of ordinary shares
with voting rights will be 6,604,645,919 . This figure may be used
by shareholders in the Company 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 Financial Conduct
Authority's Disclosure and Transparency Rules.
This announcement contains inside information for the purposes
of the UK Market Abuse Regulation and the Directors of the Company
are responsible for the release of this announcement.
**ENDS**
For further information, please visit
www.albamineralresources.com or contact:
Alba Mineral Resources plc
George Frangeskides, Executive Chairman +44 20 3950 0725
SPARK Advisory Partners Limited (Nomad)
Andrew Emmott +44 20 3368 3555
OvalX (Broker)
Thomas Smith +44 20 7392 1494
St Brides Partners (Financial PR)
Isabel de Salis / Catherine Leftley alba@stbridespartners.co.uk
Alba's Projects and Investments
Mining Projects Operated Location Ownership
by Alba
Clogau (gold) Wales 100%
----------- ----------
Dolgellau Gold Exploration
(gold) Wales 100%
----------- ----------
Gwynfynydd (gold) Wales 100%
----------- ----------
Limerick (zinc-lead) Ireland 100%
----------- ----------
Investments Held by Alba Location Ownership
----------- ----------
GreenRoc Mining Plc (mining) Greenland 54%
----------- ----------
Horse Hill (oil) England 11.765%
----------- ----------
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END
ACQUAOBRUKUWOAR
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September 01, 2022 02:02 ET (06:02 GMT)
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