Announces Exercise of Options - Patagonia Gold Plc
05.03.2013 | CNW
TORONTO, March 5, 2013 - Patagonia Gold Plc (TSX: PAT, AIM: PGD) today announced that, following the exercise of share options, application has been made for the admission of 500,000 ordinary shares of one pence each in the Company ("New Ordinary Shares") to trading on AIM. The New Ordinary Shares will rank pari passu with existing ordinary shares and will represent 0.059 per cent of the Company's issued ordinary share capital. It is expected that admission will occur at 8 am on March 12, 2013.Following admission of the New Ordinary Shares, the total number of voting rights in the Company's ordinary shares will be 854,327,565. Patagonia Gold does not hold any ordinary shares in treasury.
The aforementioned figure of 854,327,565 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, Patagonia Gold under the Financial Service Authority's Disclosure and Transparency Rules.
About Patagonia Gold
Patagonia Gold Plc is a mining company that seeks to grow shareholder value through exploration, development and production of gold and silver projects in the southern Patagonia region of Argentina. The Company is primarily focused on three projects: the flagship Cap-Oeste project, the nearby COSE project and the Lomada heap leach project, which is generating free cash flow. Patagonia Gold, indirectly through its subsidiaries or under option agreements, has mineral rights to over 220 properties in several provinces of Argentina and Chile, and is one of the largest landholders in the province of Santa Cruz.
Patagonia Gold is listed on the Toronto Stock Exchange (TSX) under the symbol PAT and has been listed on the AIM market of the London Stock Exchange under the symbol PGD since 2003.
SOURCE Patagonia Gold plc
Bill Humphries / Nigel Everest
Patagonia Gold Plc
Tel: +44 (0)20 7409 7444
Philip Yee, CFO
Patagonia Gold Plc
Tel: +1 (416) 572 2007
Colin Languedoc
Barnes Communications Inc.
Tel: +1 (416) 367-5000
Angela Hallett / James Dance
Strand Hanson Ltd
Tel: +44 (0)20 7409 3494
Rory Scott
Mirabaud Securities LLP
Tel: +44 (0)20 7878 3360
David Bick / Mark Longson
Square 1 Consulting
Tel: +44 (0)20 7929 5599
www.patagoniagold.com