Exercise of Warrants and Total Voting Rights
Source: RNS
Oriole Resources PLC
("Oriole Resources" or the "Company")
Exercise of Warrants and Total Voting Rights
Oriole Resources PLC (AIM: ORR), the AIM quoted gold exploration company focussed on West and Central Africa announces that, following an exercise of warrants over ordinary shares in the Company application has been made for 2,330,000 new ordinary shares of 0.1p each ("Ordinary Shares") in the Company to be admitted to trading on AIM on 5 September 2025 ("Admission"). The exercise price of the warrants is as set out below:
Instrument |
Exercise Price (pence) |
Number of New Ordinary Shares to be admitted |
Aggregate Price |
Warrants |
0.25 |
2,330,000 |
£5,825 |
The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares.
Following Admission, a total of 150,447,778 warrants and 399,916,245 options over Ordinary Shares (representing approximately 14.12 per cent. of the Company's enlarged issued share capital) remain outstanding.
Total Voting Rights
Following Admission, the Company's issued share capital will be 3,898,202,338 Ordinary Shares. This figure of 3,898,202,338 may be used by shareholders 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, the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
Oriole Resources Plc |
Tel: +44 (0)23 8065 1649 |
Martin Rosser / Bob Smeeton / Claire Bay |
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Strand Hanson Limited (Nomad & Broker) |
Tel: +44 (0)20 7409 3494 |
Christopher Raggett / James Spinney / Edward Foulkes
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IFC Advisory Ltd (Financial IR & PR) |
Tel: +44 (0)20 3934 6630 |
Tim Metcalfe / Graham Herring / Florence Staton |
oriole@investor-focus.co.uk |
Notes to Editors:
Oriole Resources PLC is an AIM-quoted gold exploration company, with projects in West and Central Africa. It is focused on early-stage exploration in Cameroon, where the Company has reported a Resource of 460,000oz contained gold at 2.06g/t Au in the JORC Indicated and Inferred categories at its 90% owned Bibemi project and has identified multi-kilometre gold anomalies within the district scale Central Licence Package project, including the Mbe project. At Mbe, the Company has published a maiden Exploration target range of 33 to 44Mt at a grade of 0.77 to 0.95g/t Au for 0.82Moz to 1.34Moz contained gold for the MB01 prospect, and a maiden Resource for the MB01-S target is scheduled for Q4-2025. BCM International is currently earning up to a 50% interest in the Bibemi and Mbe projects in return for a combined investment of US$1.5 million in signature payments, up to US$8 million in exploration expenditure, as well as JORC resource-based success payments.
At the Senala gold project in Senegal, AGEM Senegal Exploration Suarl ('AGEM'), a wholly owned subsidiary of Managem Group, has completed a six-year earn-in to acquire an approximate 59% beneficial interest in the Senala Exploration Licence by spending US$5.8 million. The Company has reported a Resource of 155,000oz contained gold at 1.26g/t Au in the JORC Inferred category for the Faré South prospect, and an additional, complementary Exploration Target range of 17 to 24Mt at a grade of 0.69 to 0.84g/t Au for 380,000 to 650,000oz contained gold for all prospects at Senala. Discussions on the formation of a joint venture company are currently underway. The Company also has several interests and royalties in companies operating in East Africa and Turkey that could give future cash payments.
For further information please visit www.orioleresources.com, @OrioleResources on X
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