Alien Metals Limited Issue of Shares (2438S)
November 03 2023 - 7:00AM
UK Regulatory
TIDMUFO
RNS Number : 2438S
Alien Metals Limited
03 November 2023
Trading Symbols
AIM: UFO
FWB: I3A1
3 November 2023
Alien Metals Ltd.
("Alien" or "The Company")
Issue of Shares
TVR
Alien Metals Ltd. (AIM: UFO), a global minerals exploration and
development company, advise that it has today issued 26,315,000
Shares at a deemed price of GBP 0.0019 per share for services
rendered to a geological consultant for exploration services on its
Pinderi Hills and Mexico projects during 2023, in lieu of a cash
payment.
Admission and Total Voting Rights
Application will be made to the London Stock Exchange for
admission of the 26,315,000 Common Shares to trading on AIM. It is
expected that admission will become effective and dealings in the
Common Shares will commence on AIM at 8.00 a.m. on 8 November
2023.
The Shares will be issued fully paid and will rank pari passu in
all respects with the Company's existing Common Shares.
Following Admission, the total number of Common Shares in the
capital of the Company in issue will be 6,361,794,174 with voting
rights. 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 Company's issued share capital pursuant to the Company's
Articles.
Alwyn Vorster
Chairman
For further information please visit the Company's website or
contact:
Beaumont Cornish Limited (Nomad)
James Biddle / Roland Cornish Tel: +44 (0) 207 628 3396
WH Ireland Ltd
Harry Ansell / Katy Mitchell Tel +44 (0) 207 220 1666
Yellow Jersey PR (Financial PR)
Charles Goodwin / Shivantha Thambirajah / Soraya Jackson Tel: +44 (0) 20 3004 9512
alienmetals@yellowjerseypr.com
Notes to Editors:
Alien Metals Ltd. is a mining exploration and development
Company listed on the AIM market of the London Stock Exchange (LSE:
UFO). The Company focus is on delivering a near-term direct
shipping iron ore operation at the Hancock Project in the Pilbara
region of Western Australia.
In 2019, the Company acquired 51% of the Brockman and Hancock
Ranges high-grade (Direct Shipping Ore) iron ore projects and, in
December 2022, moved to 90% legal and beneficial ownership. In May
2023, the Company also acquired 100% of Mallina Exploration Pty Ltd
and with it, the Western Hancock Tenement. The new tenement adjoins
the Company's existing Hancock tenement, giving the entire Hancock
project direct access to the Great Northern Highway.
The Company also acquired 100% of the Vivash Gorge Iron Ore
project in the west Pilbara in July 2022.
The Company owns 100% of the Elizabeth Hill Silver Project,
which consists of the Elizabeth Hill Historic Mining Lease and the
115km(2) exploration tenement around the mine.
In March 2022 the Company acquired 100% of the former joint
venture interest in the broader Pinderi Hills tenement group in the
West Pilbara, Western Australia. This includes the Munni Munni
Platinum Group Metals and Gold Project in the West Pilbara, Western
Australia, one of Australia's major underexplored PGE and base
metals projects. Munni Munni holds a historic deposit containing
2.2Moz 4E PGM: Palladium, Platinum, Gold, and Rhodium. The Pinderi
Hills tenement group also has significant Nickel and Copper
prospectivity.
The Company also holds silver, copper and base metal projects in
Mexico, however, is currently looking at the best way to divest
these for the benefit of shareholders.
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END
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