Sunrise Resources - Placing To Raise £200,000 & TVR
14 February 2020
("Sunrise" or "the Company")
Placing To Raise
Total Voting Rights
The Placing was arranged through the Company's joint broker,
Use of Proceeds
The net funds raised, in conjunction with existing cash resources, will be applied primarily to the completion of mine permitting for the
The Placing & Admission
The Placing Shares will be issued credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares, including the right to receive all dividends and other distributions declared on or after the date on which they are issued.
The Placing Shares represent approximately 5.52% of the Company's enlarged issued share capital.
The issue of the Placing Shares is, inter alia, conditional on their admission to trading on AIM ("Admission"). Application will be made for the Placing Shares to be admitted to trading on AIM and Admission is expected to occur on or around
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules of the
Therefore, the total number of Ordinary Shares in the Company with voting rights will be 3,296,130,055. This figure may be used by Shareholders in the Company as denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company under the
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
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Tel: +44 (0)1625 838 884
Nominated Adviser and Joint Broker
Tel: +44 (0)207 628 3396
Tel: +44 (0)207 469 0930
The news release may contain certain statements and expressions of belief, expectation or opinion which are forward-looking statements, and which relate, inter alia, to the Company's proposed strategy, plans and objectives or to the expectations or intentions of the Company's directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely unduly on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.
Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com
This information is provided by RNS, the news service of the
Quick facts: Sunrise Resources PLC
Market Cap: £2.97 m
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