Atalaya Mining PLC Announces Issue of Equity
NICOSIA, CYPRUS / ACCESSWIRE / December 17, 2020 / Atalaya Mining Plc (AIM:ATYM)(TSX:AYM) announces that it has issued 801,583 ordinary shares ("Ordinary Shares") pursuant to an exercise of share options and obligations owed to certain employees.
The Company has been notified that certain employees have exercised options over 768,250 ordinary shares of 7.5p in the Company ("Option Shares") and the Company has also satisfied a prior obligation to an employee through the issue of a further 33,333 new ordinary shares of 7.5p in the Company ("Employee Shares").
Application has been made for the 801,583 new Ordinary Shares to be admitted to trading on AIM (the "Admission") and the dealings in the new Ordinary Shares are expected to commence on or around 22 December 2020.
Following the issue of the new Ordinary Shares, which will rank pari passu with all existing Ordinary Shares, the total number of Ordinary Shares in issue is 138,140,709. This figure may be used by shareholders as the denominator for calculations to determine whether they are required to notify their interest in the Company.
Elisabeth Cowell / Adam Lloyd / Tom Carnegie
+ 44 20 3757 6880
+44 20 3170 7973
(NOMAD and Joint Broker)
Henry Fitzgerald-O'Connor / James Asensio
+44 20 7523 8000
BMO Capital Markets
Tom Rider / Michael Rechsteiner / Neil Elliot
+44 20 7236 1010
Peel Hunt LLP
Ross Allister / David McKeown
+44 20 7418 8900
About Atalaya Mining Plc
Atalaya is an AIM and TSX-listed mining and development group which produces copper concentrates and silver by-product at its wholly owned Proyecto Riotinto site in southwest Spain. In addition, the Group has a phased, earn-in agreement for up to 80% ownership of Proyecto Touro, a brownfield copper project in the northwest of Spain. For further information, visit www.atalayamining.com
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SOURCE: Atalaya Mining PLC