19:13 Wed 18 Sep 2019
Landore Resources Ld - Subscription to raise £470,000
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU NO. 596/2014) ("MAR").
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(AIM Ticker: LND.L)
Subscription to raise
The net proceeds of the Subscription, along with the Company's existing cash resources, are to be used to further fund the working capital of the Company and its exploration programme, which includes drilling to further extend the BAM Gold Deposit to the east and to test mineralisation identified by the ongoing exploration along the highly prospective area between the BAM Gold Deposit and Lamaune Gold Exploration Target.
Related Party Transactions
The participation in the Subscription by each of
Admission
Application has been made to the
Following Admission, the Company's enlarged issued share capital will consist of 1,303,600,508 Ordinary Shares with voting rights.
Following Admission, the aforementioned figure of 1,303,600,508 Ordinary Shares 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,
For more information, please contact:
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| Tel: 07734 681262 |
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| Tel: 07775 651421 |
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Cenkos Securities plc (Nominated Adviser and Broker) | |
| Tel: 0131 220 6939 |
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| 1. | Details of the person discharging managerial responsibilities/person closely associated
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| a) | |
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| 2. | Reason for the notification | |||
| a) | Position/status: | Chief Executive Officer
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| b) | Initial notification/Amendment: | Initial Notification
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| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||
| a) | |
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| b) | LEI: | 21380019CJ5T1PNY3Q69
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| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||
| a) | Description of the financial instrument, type of instrument:
| Ordinary shares of no par value in
GB00B06VJ325
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| b) | Nature of the transaction: | Subscription | ||
| c) | Price(s) and volume(s): | Price | Volume | |
| 0.725p | 13,793,103 | |||
| d) | Aggregated information:
Aggregated volume:
Price: |
13,793,103 shares
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| e) | Date of the transaction: | | ||
| f) | Place of the transaction: | Outside a trading venue | ||
This information is provided by RNS, the news service of the
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