Orogen Gold PLC Issue of Equity and Total Voting Rights (6871U)
20 Oktober 2014 - 8:00AM
UK Regulatory
TIDMORE
RNS Number : 6871U
Orogen Gold PLC
20 October 2014
20 October 2014
Orogen Gold plc
("Orogen" or the "Company")
Issue of Equity and Total Voting Rights
Further to the announcement on 1 July 2014 regarding the
drilling for equity agreement with DEM Geosciences SAL ("DEM") for
the provision of diamond drilling services to the Company, Orogen
has issued to DEM 76,648,400 new ordinary shares of 0.1p each in
the Company (the "New Shares") at an issue price of 0.2p.
Lock-in
DEM has undertaken not to dispose of any interest in the New
Shares for a period of two years from the date of issue, save in
limited circumstances, such as the acceptance of an offer for the
Company or pursuant to a compromise or arrangement sanctioned by
the Court, a scheme of reconstruction or offer by the Company to
purchase its own Ordinary Shares.
Admission
Application has been made for the New Shares to be admitted to
trading on AIM, which is expected to take place on 23 October 2014.
Following admission, the enlarged issued share capital of the
Company will constitute 3,560,432,183 Ordinary Shares.
Total Voting Rights
For the purposes of the Disclosure and Transparency Rules, the
Company's total issued share capital following the issue of the New
Shares will comprise 3,560,432,183 ordinary shares of 0.1p each
with one voting right per share. There are no shares held in
treasury.
The above figure 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 Disclosure and Transparency Rules.
Enquiries:
Orogen Gold Plc +353 1662 8395
Ed Slowey, CEO
Alan Mooney, FD
WH Ireland Limited
(Nominated Adviser and Joint
Broker) +44 (0) 20 7220 1666
Tim Feather
James Bavister
Hume Capital Securities Plc
(Joint Broker) +44 (0) 20 3693 1470
Jon Belliss
Walbrook
(Public Relations and Investor
Relations) +44 (0) 20 7933 8780
Paul Cornelius / Guy McDougall
About Orogen Gold
Orogen Gold plc is a UK public company quoted on the London
Stock Exchange AIM market (ticker: ORE). The Company is focused on
mineral exploration and development in Europe and is currently
operating two gold exploration projects: a) at Mutsk in Armenia and
b) at Deli Jovan in Serbia. The Mutsk gold project in Armenia was
optioned by Orogen early in 2013 to follow-up reports of a new
epithermal discovery within an established gold district. At Deli
Jovan the historic high-grade gold mining camp was last in
production prior to World War II and has been significantly
under-explored in modern times.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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