SAVANNAH RESOURCES PLC — Share Issue/Capital Change 2015

Mar 3, 2015

National Storage Mechanism | Additional information

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

RNS Number : 2958G

Savannah Resources PLC

03 March 2015

Savannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining

3 March 2015

Savannah Resources Plc

Issue of Equity and Admission of Ordinary Shares

Savannah Resources Plc (AIM:SAV) (the "Company") has agreed the issue new ordinary shares in lieu of professional fees. A professional group providing Savannah with consulting and investing services will be issued with 2,805,589 of shares at 2.139p per share in lieu of consulting fees due in cash.

On 22 May 2014, the Company announced the issue of 5,964,100 ordinary shares (at an issue price of £0.04 each) for cash received.  However admission to trading on AIM ("Admission") of 5,694,100 ordinary shares occurred and the Company is now seeking Admission of the remaining 270,000 ordinary shares in respect of the prior issue.

Application has been made for Admission of 3,075,589 ordinary shares and Admission is expected to occur at 8.00 a.m. on 6 March 2015.

Following Admission, the Company's issued share capital will be 226,612,684 ordinary shares with voting rights. This figure of 226,612,684 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 Disclosure and Transparency Rules.

**ENDS**

For further information please visit www.savannahresources.com or contact:

David Archer	Savannah Resources plc	Tel: +44 20 7389 5019
Samantha Harrison (Nominated Adviser) Charlie Cryer (Corporate Broker)	RFC Ambrian Limited	Tel: +44 20 3440 6800
Felicity Edwards/ Charlotte Heap	St Brides Partners Ltd	Tel: +44 20 7236 1177

This information is provided by RNS

The company news service from the London Stock Exchange

END

IOEBLGDXIDGBGUD