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21 June 2016
LANDORE RESOURCES LIMITED
('Landore Resources' or the 'Company')
Issue of Shares
Landore Resources (AIM: LND) announces the issue of 441,176 new ordinary shares of no par value in the Company ('New Ordinary Shares') to an adviser in lieu of cash fees at the subscription price.
The New Ordinary Shares will be fully paid and will rank pari passuin all respects with the Company's existing ordinary shares of no par value ('Ordinary Shares'). Application will be made to the London Stock Exchange for Admission. It is expected that Admission of the New Ordinary Shares will become effective and that dealings in such New Ordinary Shares will commence at 8.00 a.m. on 27 June 2016. Following Admission of the New Ordinary Shares the Company's issued share capital will consist of 700,488,001 Ordinary Shares with voting rights. Landore Resources does not hold any Ordinary Shares in treasury.
The aforementioned figure of 700,488,001 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 to their interest in, Landore Resources under the Financial Service Authority's Disclosure and Transparency Rules.
**ENDS**
Enquiries:
Bill Humphries/Richard Prickett
Landore Resources Limited
M: +44(0)7734 681262
M: +44(0)7775 651421
James Spinney/Jack Botros
Strand Hanson Limited
Nominated Adviser and Broker
Tel: +44(0)20 7409 3494
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Landore Resources Inc.
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EXPLORATION STAGE |
CODE : LND.L |
ISIN : GB00B06VJ325 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Landore Res. is a nickel and palladium exploration company based in Canada. Landore Res. holds various exploration projects in Canada. Its main exploration properties are CIMARRON, VINDICATOR and SPRUCE MOUNTAIN in USA and LESSARD, SEELEY LAKE, ROOT LAKE, MOUNT FRONSAC, HIHO, CHARLEY, CHEM, IOWA HIGH, WILDHORSE CANYON, MIMINISKA LAKE, JUNIOR LAKE and WEST GRAHAM in Canada. Landore Res. is listed in United Kingdom. Its market capitalisation is GBX 2.6 billions as of today (US$ 3.0 billions, € 2.7 billions). Its stock quote reached its lowest recent point on April 08, 2016 at GBX 0.20, and its highest recent level on September 19, 2023 at GBX 9.98. Landore Res. has 835 915 779 shares outstanding. |