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Ascot Mining Plc
(“Ascot” or the “Company”)
(PLUS Markets: ASMP, Xetra®: AM3.DE)
Conversion of Bond and Exercise of Options
Following the announcement on 19 November 2010, Ascot has received notification that £150,000 in value of the Ascot £200,000 bond instrument of 20 July 2010 has been converted into 750,000 shares in Ascot. In addition, £450,000 in value of the £3,000,000 bond instrument of 18th November 2010 has been converted into 2,250,000 shares.
Furthermore, options to purchase 861,079 ordinary shares of 1p each in the Company have been exercised at various subscription prices, thereby raising additional funds for the Company. An additional 200,000 options have been issued to Mr James McArdle exercisable until 23 May 2011 at US $0.50.
Following the above bond conversions and exercise of options, the Company’s issued share capital is 48,837,426 ordinary shares.
In addition, following the completion of the capital raise and subsequent issuance of new ordinary shares, the Company is aware of the following shareholders interested in 3% or more of the issued share capital of the Company:
Name of shareholder Shareholding Percent of Issued Share Capital
Vidacos Nominees Limited 9,400,772 19.25%
Lynchwood Nominees Limited 7,219,433 14.78%
David Jackson* 6,523,627 13.36%
Andrew Von Kursell* 5,341,144 10.94%
SF t1ps Smaller Companies Gold Fund 3,096,739 6.34%
SF t1ps Smaller Companies Growth Fund 2,250,000 4.61%
NRG Offshore Limited 2,434,072 4.98%
* David Jackson and Andrew Von Kursell are directors of the Company
The total Directors' shareholdings are now 12,640,493 Ordinary Shares representing 25.88% of the issued share capital of Company.
(“Ascot” or the “Company”)
(PLUS Markets: ASMP, Xetra®: AM3.DE)
Conversion of Bond and Exercise of Options
Following the announcement on 19 November 2010, Ascot has received notification that £150,000 in value of the Ascot £200,000 bond instrument of 20 July 2010 has been converted into 750,000 shares in Ascot. In addition, £450,000 in value of the £3,000,000 bond instrument of 18th November 2010 has been converted into 2,250,000 shares.
Furthermore, options to purchase 861,079 ordinary shares of 1p each in the Company have been exercised at various subscription prices, thereby raising additional funds for the Company. An additional 200,000 options have been issued to Mr James McArdle exercisable until 23 May 2011 at US $0.50.
Following the above bond conversions and exercise of options, the Company’s issued share capital is 48,837,426 ordinary shares.
In addition, following the completion of the capital raise and subsequent issuance of new ordinary shares, the Company is aware of the following shareholders interested in 3% or more of the issued share capital of the Company:
Name of shareholder Shareholding Percent of Issued Share Capital
Vidacos Nominees Limited 9,400,772 19.25%
Lynchwood Nominees Limited 7,219,433 14.78%
David Jackson* 6,523,627 13.36%
Andrew Von Kursell* 5,341,144 10.94%
SF t1ps Smaller Companies Gold Fund 3,096,739 6.34%
SF t1ps Smaller Companies Growth Fund 2,250,000 4.61%
NRG Offshore Limited 2,434,072 4.98%
* David Jackson and Andrew Von Kursell are directors of the Company
The total Directors' shareholdings are now 12,640,493 Ordinary Shares representing 25.88% of the issued share capital of Company.
