Hunter Resources PLC Issue of Equity (0375M)

TIDMHUN

RNS Number : 0375M

Hunter Resources PLC

11 July 2014

Hunter Resources PLC

("Hunter" or the "Company")

(AIM: HUN)

Issue of Equity

The Company has agreed to settle certain liabilities with a total value of GBP6,250 by way of the issue of 416,652 New Ordinary Shares at a value of 1.5 pence per New Ordinary Share (the "Settlement Shares") and the transfer 15 existing shares held by the Company following the aggregation of fractional entitlements arising from the recent consolidation; the Company will make an equivalent cash donation to charity in accordance with the recent EGM resolutions.

An application will be made for admission of 416,653 New Ordinary Shares to trading on AIM with effect from 18 July 2014; this consists of the Settlement Shares and 1 New Ordinary Share resulting from a rounding error in the consolidation. Following the admission of the 416,653 New Ordinary Shares, the Company will have 133,195,035 New Ordinary Shares in issue, all with equal voting rights. This figure may 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 to their interest in, the share capital of the Company.

All defined terms are as per the Company's announcement of 9 June 2014 unless otherwise stated.

For further information, please contact:

 
Hunter Resources PLC       Allenby Capital Limited 
 Simon Hunt                 (Nominated Adviser and Broker) 
 (Chairman)                 Nick Harriss/Nick Naylor/Michael 
                            McNeilly 
 +44 7733 337 755 
                            +44 20 3328 5656 
 www.hunter-resources.com 
                            www.allenbycapital.com

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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