Exercise of Options

Asiamet Resources Limited ("ARS" or the “Company”) reports that it has received notification from option holders to exercise options over 1,000,000 new common shares in the share capital of the Company (the “New Common Shares”). The Company has today issued the New Common Shares to the option holders and has received £70,000 at an exercise price of £0.07 per option as a result of the exercise of these options.

Application has been made for the New Common Shares to be admitted to trading on AIM (“Admission”).  It is expected that Admission to AIM will become effective and dealings in the New Common Shares will commence on or around 23 July 2018. The New Common Shares will rank pari passu in all respects with the existing common shares in the Company.

The total number of common shares outstanding after completion of the issue of the New Common Shares will increase from 937,025,250 to 938,025,250.  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.

ARS now has the following options and warrants on issue:

  • ·      3,475,652 C$0.05 warrants expiring 23 December 2018
  • ·      2,921,843 C$0.10 warrants expiring 13 April 2019
  • ·      1,500,000 C$0.05 options expiring 6 October 2019
  • ·      6,200,000 C$0.05 options expiring 31 August 2020
  • ·      800,000 £0.12 options expiring 11 January 2021
  • ·      6,550,000 C$0.065 options expiring 1 November 2021 
  • ·      2,000,000 £0.06 options expiring 20 February 2022
  • ·      2,000,000 £0.08 options expiring 20 February 2022
  • ·      2,000,000 £0.10 options expiring 20 February 2022
  • ·      2,000,000 £0.12 options expiring 20 February 2022
  • ·      11,700,000 £0.07 options expiring 5 October 2022
  • ·      1,500,000 £0.13 options expiring 1 January 2023
  • ·      1,500,000 £0.15 options expiring 1 January 2023
  • ·      1,500,000 £0.17 options expiring 1 January 2023

 

ON BEHALF OF THE BOARD OF DIRECTORS

Peter Bird, Deputy Chairman and CEO

For further information, please contact: 

-Ends-

Peter Bird
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +
61 3 8644 1300
Email: [email protected]

 

Tony Manini
Executive Chairman, Asiamet Resources Limited
Telephone: +
61 3 8644 1300
Email: [email protected]

 

FlowComms Limited

Sasha Sethi

Telephone:+44 (0) 7891 677 441

Email: [email protected]

Asiamet Resources Nominated Adviser
RFC Ambrian Limited

Andrew Thomson / Stephen Allen

Telephone:+61 8 9480 2500

Email: [email protected][email protected]

 

Liberum
Neil Elliot, Clayton Bush, Kane Collings                 

Telephone: +44 7773 322679

Email: [email protected]

 

Optiva SecuritiesLimited
Christian Dennis 

Telephone: +44 20 3137 1903

Email: [email protected]