Oriole Resources plc has issued 2,330,000 new ordinary shares of 0.1 pence each following a warrants exercise at a price of 0.25p per warrant share, for £5,825.
TVRs
A total of 150,447,778 warrants and 399,916,245 options over ordinary shares, representing 14.12% of the company’s enlarged issued share capital, remain outstanding.
On admission, Oriole’s issued share capital will comprise 3,898,202,338 ordinary shares.
The company is focused on early-stage gold exploration in Cameroon and is looking to establish a joint venture for its more advanced project in Senegal.
Oriole also holds several interests and royalties in companies operating in East Africa and Turkey, with potential for future revenue.