Asiamet Resources Limited

National Storage Mechanism | Additional information

You don't have Javascript enabled. For full functionality this page requires javascript to be enabled.

RNS Number : 3671L

18 April 2018

For Immediate Release London AIM

18 April 2018 Symbol: ARS

Asiamet Broker Warrants Exercised

Asiamet Resources Limited ("ARS" or the "Company") reports that Optiva Securities Limited, holder of 2,147,581 broker warrants exercisable at C$0.06 until expiry on 26 April 2018 ("Broker Warrants"), delivered notice of exercise on 16 April 2018. The Company has received C$128,855 as a result of the exercise of the Broker Warrants.

Application has been made for the 2,147,581 common shares in ARS 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 24 April 2018. The Broker Shares will rank pari passu in all respects with the existing common shares in the Company.

Asiamet now has the following warrants on issue:

· 3,475,652 C$0.05 warrants expiring 23 December 2018

· 3,533,747 C$0.10 warrants expiring 13 April 2019

The total number of common shares outstanding after completion of the issue of the Broker Shares will increase from 925,215,774 to 927,363,355. This represents the total number of voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Bird, Managing Director and CEO

For further information, please contact:

-Ends-

Peter Bird

Deputy Chairman 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