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LONDON - Landore Resources Limited (AIM:LND) announced Friday it has received notices to exercise warrants over 882,500 new ordinary shares, raising a total of £21,180 for the company.
The mining firm has applied to the London Stock Exchange for admission of these new shares to trading on AIM, with trading expected to commence around Tuesday, October 22, subject to receipt of payment.
The newly issued shares will be fully paid and will rank equally with the company’s existing ordinary shares.
Following the admission of these new shares, Landore Resources’ issued share capital will consist of 335,907,332 ordinary shares with voting rights. The company confirmed it does not hold any shares in treasury.
This updated share count may be used by shareholders as the denominator for calculations to determine if they need to notify their interest in the company’s share capital under the FCA’s Disclosure Guidance and Transparency Rules.
The announcement was made through a company press release statement.
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