Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Alexander Mining plc    AXM   GB00B06K1665

ALEXANDER MINING PLC

(AXM)
Delayed Quote. Delayed London Stock Exchange - 11/19 11:35:24 am
0.0275 GBp   --.--%
10/01ALEXANDER MINING : Interim report for six months ended 30 june 2019
AQ
09/26ALEXANDER MINING : New Strategy
AQ
09/25FTSE 100 Closes Slightly Down After Recovering Earlier Losses
DJ
SummaryQuotesChartsNewsCalendarCompany 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Alexander Mining : Placing, proposed Director appointment & TVR

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/09/2019 | 02:41am EST

9 August 2019

Alexander Mining plc

('Alexander' or the 'Company')

Placing to raise £475,000, proposed Director appointment & Total Voting Rights

Alexander Mining plc, the AIM-listed mining, minerals and metals processing technology company, is pleased to announce that it has successfully placed 2,375,000,000 ordinary shares of 0.001 pence each ('Ordinary Shares') at a price of 0.02p per share (the 'Placing Shares'), raising £475,000 before expenses (the 'Placing'), through its sole broker and placing agent Turner Pope Investments (TPI) Ltd ('TPI').

The net proceeds of the Placing will be used for general working capital and business development purposes.

Commenting on the Placing, Martin Rosser, CEO of Alexander, said 'We are delighted to have secured this investment from new and existing shareholders to give the Company the flexibility for a potential beneficial corporate opportunity and to provide additional working capital. Also, we are delighted about the proposed board appointment of Nigel Burton and the extensive experience that he will bring to the Company.'

Proposed Director Appointment

The Company also announces the proposed board appointment of Nigel Burton as a Non-Executive Director of the Company, subject to the satisfactory completion of regulatory due diligence checks. Nigel brings over 14 years' experience of stockbroking and investment banking at leading City institutions including UBS Warburg and Deutsche Bank, principally focused on the energy and utilities industries. Nigel has served in numerous Non-Executive Director roles in software, energy and online retailing businesses and he is currently non-executive chairman of Regency Mines plc and Remote Monitored Systems plc, and a non-Executive director of Digitalbox plc and Tau Capital plc, all of which are listed on AIM.

Broker Warrant & Commission Shares

The funds were raised through the Company's broker, TPI. As part of their commission arrangements, the Company has agreed to issue 118,750,000 Ordinary Shares to TPI for their fundraising services (the 'Commission Shares'). In addition, the Company has also agreed to issue TPI with a warrant to subscribe in cash for up to 178,125,000 Ordinary Shares in the Company, which can be exercised at a price of 0.025p per Ordinary Share until the second anniversary of Admission.

The Placing Shares and Commission Shares will rank pari passuwith the existing Ordinary Shares and an application has been made to the London Stock Exchange for admission of the Placing Shares and the Commission Shares to trading on AIM ('Admission'). Admission is expected to occur at 8.00 a.m. on or around 16 August 2019.

Total Voting Rights

Following Admission, the Company's issued share capital will comprise 4,382,480,149 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in treasury. The figure of 4,382,480,149 Ordinary Shares may therefore 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 FCA's Disclosure and Transparency Rules.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Enquiries:

Martin Rosser

Chief Executive

Mobile: +44 (0) 7770 865 341

Alexander Mining plc

Tel: +44 (0) 20 7078 9566

Email: mail@alexandermining.com

Website: www.alexandermining.com

Cairn Financial Advisers LLP

Sandy Jamieson/James Caithie

Tel: +44 (0) 20 7213 0880

Turner Pope Investments (TPI) Ltd.

Andy Thacker

Tel: +44 (0) 20 3657 0050

Disclaimer

Alexander Mining plc published this content on 09 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 August 2019 06:40:07 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALEXANDER MINING PLC
10/01ALEXANDER MINING : Interim report for six months ended 30 june 2019
AQ
09/26ALEXANDER MINING : New Strategy
AQ
09/25FTSE 100 Closes Slightly Down After Recovering Earlier Losses
DJ
09/25ALEXANDER MINING : New Strategy
PU
09/17ALEXANDER MINING : Appointment of Director
AQ
09/16ALEXANDER MINING : Appointment of Director
PU
09/04ALEXANDER MINING : Replacement-Placing, proposed Director appointment
PU
08/21ALEXANDER MINING : Share purchase by Proposed Director
AQ
08/20ALEXANDER MINING : Share purchase by Proposed Director
PU
08/09ALEXANDER MINING : Placing, proposed Director appointment & TVR
PU
More news
Chart ALEXANDER MINING PLC
Duration : Period :
Alexander Mining plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALEXANDER MINING PLC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Managers
NameTitle
Martin L. Rosser Chief Executive Officer & Executive Director
Alan Mitchell Clegg Non-Executive Chairman
John Getty Chief Financial Officer & Secretary
Garry Johnston Technical Director
James S. Bunyan Non-Executive Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
ALEXANDER MINING PLC-68.57%2
BHP GROUP8.91%121 210
RIO TINTO PLC11.70%91 334
ANGLO AMERICAN PLC15.97%32 500
GRUPO MÉXICO, S.A.B. DE C.V.31.23%21 459
SOUTH32-19.70%8 981