Last checked at 27 Oct 2020 10:30
Oriole Resources PLC
('Oriole Resources' or 'the Company' or 'the Group')
RESULT OF GENERAL MEETINGANDTOTAL VOTING RIGHTS
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, is pleased to announce that all of the resolutions that were put to shareholders at the General Meeting held today were duly passed. The Company will now proceed with the issue of 463,402,941 ordinary shares in the Company ('Ordinary Shares') in respect of the placing and 86,117,647 Ordinary Shares in respect of the Minexia offer (announcements dated 7 October 2020) in order to raise £1.87 million before expenses.
Application has been made for 549,520,588 new Ordinary Shares to be admitted to trading on AIM ('Admission') which is expected to occur on or around 8.00 a.m. on 29 October 2020. Following Admission, the total number of Ordinary Shares in issue will be 1,461,155,197 with voting rights. This figure of 1,461,155,197 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.
** ENDS **
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Following the publication of this announcement, this inside information is now considered to be in the public domain.
For further information please visit www.orioleresources.com, @OrioleResources on Twitter,
or contact:
Oriole Resources Plc | Tel: +44 (0)20 7830 9650 |
Tim Livesey / Bob Smeeton / Claire Bay |
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Blytheweigh (IR/PR Contact) | Tel: +44 (0)20 7138 3204 |
Tim Blythe / Megan Ray / Rachael Brooks |
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Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Samantha Harrison | |
Shard Capital Partners LLP Damon Heath / Erik Woolgar / Isabelle Pierre
| Tel: +44 (0)20 186 9900 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company, operating in West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. Year two commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.
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