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Sunrise Resources - Warrant Exercise

RNS Number : 0877N
Sunrise Resources Plc
27 January 2021
 

 

 

 

 

 

27 January 2021

SUNRISE RESOURCES PLC

("Sunrise" or "the Company")

 

Warrant Exercise

 

Sunrise Resources plc, the AIM-traded company focusing on the development of its CS Pozzolan-Perlite Project in Nevada, USA, announces that it has received notice to exercise 500,000 warrants (the "Warrants ").

 

Each Warrant entitles the holder to subscribe for one new ordinary share of 0.1 pence each in the Company (a "Warrant Share ") at a price of 0.16 pence per Warrant Share and payment has been received by the Company.

 

The Warrant Shares will rank pari passu with the existing ordinary shares and application will be made to the London Stock Exchange for the Warrant Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on or around Tuesday
2 February 2021.

 

 

Total Voting Rights

 

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company hereby notifies the market that on Admission, the Company's issued share capital will consist of 3,694,360,238 ordinary shares with a nominal value of 0.1p each, with voting rights. The Company does not hold any ordinary shares in Treasury.

 

Therefore, the total number of ordinary shares in the Company with voting rights will be 3,694,360,238. 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 Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

 

 

This announcement contains inside information as defined in Article 7 of EU Regulation 596/2014. 

 

Further information:

 

Sunrise Resources plc

Patrick Cheetham, Executive Chairman

Tel: +44 (0)1625 838 884

 

Beaumont Cornish Limited

Nominated Adviser

James Biddle/Roland Cornish

Tel: +44 (0)207 628 3396

 

Peterhouse Capital Limited

Broker

Lucy Williams/Duncan Vasey

 

Tel: +44 (0)207 469 0930

 

 

Shares in the Company trade on AIM. EPIC: "SRES". Website: www.sunriseresourcesplc.com

 

 

 

 

 

 

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Quick facts: Sunrise Resources PLC

Price: -

Market: AIM
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