10th Sep 2014 08:47
LONDON (Alliance News) - Tertiary Minerals PLC Wednesday said the board of the company allotted 1.5 million new shares to Chairman Patrick Cheetham pursuant to the exercise of 1.5 million warrants.
The warrants were issued in December 2008 and were exercised at a price of 2.35 pence per share Tuesday, said the company.
Following the issue of the shares Cheetham will be interested 11.9 shares representing 6.81% of the enlarged issued capital.
The stock was trading at 5.88 pence per share, down 4.1% Wednesday morning.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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