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Asiamet Resources Limited



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 Fri May 5, 2017
Application for Admission of Shares

 Asiamet Resources Limited ("ARS" or the "Company") reports that an application has been made for the admission to trading on AIM ("Admission") of 73,079,074 common shares historically issued ("Historical Share Issues") for which applications were not made at the time they were issued. Details of the Historical Share Issues are set out below:

  • 2,350,000 common shares issued in August 2007 and August 2008 from the exercise of unlisted warrants of exercise price C$0.30 and expiry date 16 August 2008. The warrants were issued as part of a private placement conducted by the Company in August 2006 prior to the Company's Admission to AIM and disclosed in the Company's AIM Admission Document;
  • 31,000 common shares issued in August 2007 from the exercise of unlisted employee options with an exercise price of US$0.11 and an expiry date of 21 August 2007. The options were exercised by Doris Meyer, the Company's CFO and Corporate Secretary (current, and at the time of exercise);
  • 90,000 common shares issued in August 2007 from the exercise of unlisted employee options with an exercise price of US$0.11 and an expiry date of 21 August 2007. The options were exercised by Mansur Geiger, the Company's Vice President Exploration at the time of exercise and current Vice President Indonesia;
  • 11,000,000 common shares issued in a private placement (announced 13 June, 2008);
  • 20,000,000 common shares issued in consideration of the acquisition of the remaining 25% interest in the KSK Contract of Work that ARS did not already hold (as announced 10 October, 2008);
  • 4,284,145 common shares issued in a private placement (announced 31 December, 2008);
  • 17,024,268 common shares issued in a private placement (announced 28 April, 2009);
  • 5,064,661 common shares issued to extinguish certain debts of the Company (announced 11 May, 2009). The Company notes that in the announcement of 11 May, 2009 the number of common shares was issued to extinguish the debt was incorrectly stated as being 5,046,661; and
  • 13,235,000 common shares issued in a private placement (announced 21 July, 2010).
It is expected that Admission will become effective and that dealings in the Historical Issued Shares will commence on or around 9 May 2017. The total number of common shares in issue remains unchanged at 709,937,636 as advised in the ARS announcement of 2 May, 2017.


ON BEHALF OF THE BOARD OF DIRECTORS

Peter Bird, Managing Director and CEO

For further information, please contact:

-Ends-

Peter Bird
Managing Director and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: peter.bird@asiametresources.com

Tony Manini
Executive Chairman, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.com

FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com

Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Stephen Allen
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Stephen.Allen@rfcambrian.com

VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: araca@vsacapital.com

Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com


View News Release in PDF Format:
File: http://www.asiametresources.com/i/pdf/2017-05-05_NR-j394hd.pdf
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