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Alecto Minerals plc Announces Issue Of Equity


Tuesday, 8 Oct 2013 02:00am EDT 

Alecto Minerals plc announced that it has issued and allotted 130,434,782 new ordinary shares of GBP0.007 in the Company according to the following events: 108,695,652 new ordinary shares of in the Company as consideration for AME West Africa; 13,043,478 new ordinary shares in respecting of a subscription for shares by Savannah Resources plc (Formerly African Mining & Exploration plc): and 8,695,652 new ordinary shares in respect of a conversion of debt to equity by Fahad Al-Tamimi. Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. Dealings are expected to commence from 8.00 a.m. on October 11, 2013 (Admission). 

Company Quote

0.65
0.0 +0.00%
21 Nov 2014