18
September 2024
Kendrick Resources
Plc
("Kendrick" or
the "Company")
Issue of Equity and
TVR
Kendrick Resources Plc (LSE: KEN), the
mineral exploration and development company building nickel,
vanadium, and copper battery metal projects in Scandinavia,
announces that it has issued 6,365,385 new ordinary shares of
£0.0003 ("Ordinary Shares")
to settle £46,000 of accrued fees due to consultants as per the
table below:
|
Period
|
Fees
|
Issue
price
|
No. of
shares
|
|
12 mths to 31 August 2024
|
£
30,000
|
£ 0.00650
|
4,615,385
|
|
12 months to 2 May 2024
|
£
16,000
|
£ 0.00914
|
1,750,000
|
Application to trading:
Applications will be made to the Financial Conduct Authority
("FCA") and the London Stock Exchange for the 6,365,385 new
Ordinary Shares, to be admitted to the Official List and to trading
on the London Stock Exchange's main market for listed securities
(the "Admission"). It is expected that Admission will become
effective and that dealings will commence at 8.00 a.m. on or around
24 September 2024.
Issued Share Capital: Following
the issue of the 6,365,385 new Ordinary Shares, the Company's total
issued share capital will consist of 250,248,152 Ordinary Shares
with voting rights. The Company does not hold any Ordinary Shares
in treasury and accordingly there are no voting rights in respect
of any treasury shares.
Total Voting Rights On
Admission, the above mentioned figure of 250,248,152 Ordinary
Shares 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, African Pioneer under the Financial Conduct
Authority's Disclosure Guidance and Transparency Rules.
|
This announcement contains
information which, prior to its disclosure, was inside information
as stipulated under Regulation 11 of the Market Abuse (Amendment)
(EU Exit) Regulations 2019/310 (as amended).
|
For additional information please
contact:
|
Kendrick Resources Plc:
Chairman
|
Tel: +44 2039 616 086
Colin Bird
|
|
Novum Securities
Financial Adviser
Joint Broker
|
Tel: +44 207 399 9400
David Coffman / George
Duxberry
Jon Bellis
|
|
Shard Capital Partners LLP
Joint Broker
|
Tel: +44 207 186 9952
Damon Heath / Isabella
Pierre
|
|
|
About Kendrick Resources Plc
Kendrick Resources Plc is a mineral
exploration and development company with projects primarily based
across Scandinavia. The principal of its business is to explore the
opportunities within the natural resources sector with a focus on
battery, base, and precious metals including but not limited to
vanadium and nickel. In doing so, the Company is looking to build a
long term energy metals business in Scandinavia which delivers
energy metals to Europe to help enable its renewable energy
transformation by building a top tier energy metals production
business.