Issue of ordinary shares on conversion of convertible note

14/2018 - 30 maja 2018

 Prairie Mining Limited (Company) announces that 44,776,120 fully paid ordinary shares have been issued today upon conversion of the convertible loan note with a principal amount of $15,000,000, exchangeable into 44,776,120 ordinary shares at a conversion price of $0.335 per share („Loan Note 1”) and the subsequent issue of 22,388,060 unlisted options exercisable at $0.60 each on or before 30 May 2021 on conversion of Loan Note 1.

An application will be made to admit the new ordinary shares, which rank pari passu with the Company’s existing issued ordinary shares, in due course.

Following admission, the Company’s issued ordinary share capital will be 212,275,089 ordinary shares.

The above figure of 212,275,089 ordinary shares 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 share capital of the Company, under the FCA’s Disclosure and Transparency Rules.