Asiamet Broker Warrants Exercised and Lapse of Warrants
Asiamet Resources Limited ("ARS" or the "Company") reports that Optiva Securities Limited, holder of 5,108,333 broker warrants exercisable at C$0.05 until expiry on 1 June 2017 ("Broker Warrants"), delivered notice of exercise on 11 May 2017. Exercise of the Broker Warrants will result in ARS receiving funds of C$255,417.
Application has been made for the 5,108,333 common shares to be issued pursuant to the exercise of the Broker Warrants ("Broker Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission to AIM will become effective and dealings in the Broker Shares will commence on or around 18 May 2017.
On 13 May 2017, a total of 1,708,746 warrants with an exercise price of C$0.12 expired unexercised. Tony Manini, a director of ARS and the Company`s Executive Chair, held 434,453 and Stephen Hughes, a director of ARS and the Company`s Vice President Exploration, held 131,559 of the warrants. The share holdings of each of the directors remains unchanged, while the warrants now held by each director comprise:
| Tony Manini (all directly held): | Stephen Hughes (all directly held): | ||||
| Warrants | Expiry Date | Ex. Price | Warrants | Expiry Date | Ex. Price |
| 917,857 | 13-Apr-2019 | C$0.10 | 611,904 | 13-Apr-2019 | C$0.10 |
ARS now has the following warrants on issue:
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1,874,364 C$0.05 warrants expiring 5 November 2017
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2,147,581 C$0.06 warrants expiring 26 April 2018
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3,533,747 C$0.10 warrants expiring 13 April 2019
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3,475,652 C$0.05 warrants expiring 23 December 2018
The total number of common shares outstanding after completion of the issue of the Broker Shares will increase from 710,245,969 to 715,354,302.
ON BEHALF OF THE BOARD OF DIRECTORS
Peter Bird, Managing Director and CEO
For further information, please contact:
-Ends-
Peter Bird
Managing Director and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: peter.bird@asiametresources.com
Tony Manini
Executive Chairman, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Stephen.Allen@rfcambrian.com
VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: araca@vsacapital.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Asiamet Resources Limited via GlobeNewswire
HUG#2104504