REG - Alien Metals Limited - Issue of Shares

Alien MetalsAnnouncement

03/11/2023 11:00

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RNS Number : 2438S  Alien Metals Limited  03 November 2023

 

Trading Symbols

AIM: UFO

FWB: I3A1

3 November 2023
 

 

Alien Metals Ltd.

("Alien" or "The Company")

 

Issue of Shares

TVR

 

Alien Metals Ltd. (AIM: UFO), a global minerals exploration and development
company, advise that it has today issued 26,315,000 Shares at a deemed price
of GBP 0.0019 per share for services rendered to a geological consultant for
exploration services on its Pinderi Hills and Mexico projects during 2023, in
lieu of a cash payment.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for admission of the
26,315,000 Common Shares to trading on AIM. It is expected that admission will
become effective and dealings in the Common Shares will commence on AIM at
8.00 a.m. on 8 November 2023.

The Shares will be issued fully paid and will rank pari passu in all
respects with the Company's existing Common Shares.

Following Admission, the total number of Common Shares in the capital of the
Company in issue will be 6,361,794,174 with voting rights. This 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's issued share capital pursuant to the
Company's Articles.

Alwyn Vorster

Chairman

 

For further information please visit the Company's website
(http://www.alienmetals.uk/) or contact:

 

Beaumont Cornish Limited (Nomad)

James Biddle / Roland Cornish   Tel: +44 (0) 207 628 3396

 

WH Ireland Ltd

Harry Ansell / Katy Mitchell   Tel +44 (0) 207 220 1666

 

Yellow Jersey PR (Financial PR)

Charles Goodwin / Shivantha Thambirajah / Soraya Jackson   Tel: +44 (0) 20
3004 9512

alienmetals@yellowjerseypr.com

 

Notes to Editors:

Alien Metals Ltd. is a mining exploration and development Company listed on
the AIM market of the London Stock Exchange (LSE: UFO). The Company focus is
on delivering a near-term direct shipping iron ore operation at the Hancock
Project in the Pilbara region of Western Australia.

In 2019, the Company acquired 51% of the Brockman and Hancock Ranges
high-grade (Direct Shipping Ore) iron ore projects and, in December 2022,
moved to 90% legal and beneficial ownership. In May 2023, the Company also
acquired 100% of Mallina Exploration Pty Ltd and with it, the Western Hancock
Tenement. The new tenement adjoins the Company's existing Hancock tenement,
giving the entire Hancock project direct access to the Great Northern Highway.

The Company also acquired 100% of the Vivash Gorge Iron Ore project in the
west Pilbara in July 2022.

The Company owns 100% of the Elizabeth Hill Silver Project, which consists of
the Elizabeth Hill Historic Mining Lease and the 115km(2) exploration tenement
around the mine.

In March 2022 the Company acquired 100% of the former joint venture interest
in the broader Pinderi Hills tenement group in the West Pilbara, Western
Australia. This includes the Munni Munni Platinum Group Metals and Gold
Project in the West Pilbara, Western Australia, one of Australia's major
underexplored PGE and base metals projects. Munni Munni holds a historic
deposit containing 2.2Moz 4E PGM: Palladium, Platinum, Gold, and Rhodium. The
Pinderi Hills tenement group also has significant Nickel and Copper
prospectivity.

The Company also holds silver, copper and base metal projects in Mexico,
however, is currently looking at the best way to divest these for the benefit
of shareholders.

 

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