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LONDON - Rome Resources Plc (AIM: RMR), a mining company focused on tin and base metals exploration in the Democratic Republic of Congo, has announced the issuance of 12,661,325 new ordinary shares. The shares, priced at 0.255 pence each, are being issued to BAC Helicopters CC as payment for approximately £32,286 of interest on accrued fees related to transportation services provided around January 30, 2025.
The new ordinary shares will be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG), with the expected date of admission being on or around March 28, 2025. Following the admission, Rome Resources’ issued share capital will consist of 6,084,525,932 ordinary shares. The company has confirmed that it does not hold any shares in treasury.
This issuance of equity is a strategic move by Rome Resources to settle outstanding debts without immediate cash outlay. Shareholders of Rome Resources can use the total number of issued ordinary shares as a reference to determine if they need to disclose changes in their shareholding as per the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The transaction reflects the company’s approach to managing its financial obligations while continuing its mining operations in the DRC. This information is based on a press release statement issued by Rome Resources Plc.
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