4th Jul 2014 07:00
4 July 2014
Hunter Resources PLC
("Hunter" or the "Company")
(AIM: HUN)
Admission to Trading Following Successful Reverse Takeover and Fundraising
Introduction
The Board of Hunter is pleased to announce the successful completion of the Reverse Takeover of Gold Hunter and associated fundraising of a total of £925,000 (as detailed in the announcement of 3 July 2014).
Simon Hunt, Executive Chairman of Hunter Resources said, "I am delighted that the transaction has completed and that the Company has been admitted to AIM today. I look forward to working with the Management Team on developing the Pampamali Project in Peru, which we believe is a great opportunity for the Company.".
All defined terms are as per the Company's announcement of 9 June 2014 unless otherwise stated.
Admission to Trading of New Ordinary Shares
Following the Company receiving Shareholder approval for the 1:10 consolidation of its ordinary share capital and the completion of the reverse takeover and associated fundraising, the Company's enlarged Share Capital of 132,778,382 Ordinary Shares of 1 pence each have today been admitted to trading on AIM. The breakdown of the elements of the Admission is as follows:
Description | Number of New Ordinary Shares Admitted | Percentage of Enlarged Share Capital |
Existing Shares (consolidated) | 37,729,677 | 28.42% |
Subscription | 36,408,467 | 27.42% |
Placing | 22,472,133 | 16.92% |
Conversion of Loan Stocks | 15,223,601 | 11.47% |
Acquisition Consideration | 13,277,838 | 10.00% |
Fees settled in shares | 7,666,666 | 5.77% |
132,778,382 | 100.00% |
Re-Registration under the IOM Act 2006
Further to the resolution passed at the General Meeting held on 30 June 2014, the Company has now been re-registered under the Isle of Man Companies Act 2006, with registration number 011261V, with effect from 1 July 2014.
For further information, please contact:
Hunter Resources PLC Simon Hunt (Chairman)
+44 7733 337 755
www.hunter-resources.com | Allenby Capital Limited (Nominated Adviser and Broker) Nick Harriss/Nick Naylor/Michael McNeilly
+44 20 3328 5656
www.allenbycapital.com
|
ENDS
Related Shares:
HUN.L