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First Day of Dealings

4th Jul 2014 07:00

RNS Number : 4357L
Hunter Resources PLC
04 July 2014
 



 

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUOSRRSBABRUR

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