TORONTO, Dec. 5, 2012 /CNW/ - Patagonia Gold PLC (TSX: PAT, AIM: PGD) today announced that, following the exercise of share options,
application has been made for the admission of 25,000 ordinary shares
of one pence each in the Company ("New Ordinary Shares") to trading on
The New Ordinary Shares will rank pari passu with existing ordinary shares and will represent 0.003 per cent of the
Company's issued ordinary share capital. It is expected that admission
will occur at 8 am on December 10, 2012.
Following admission of the New Ordinary Shares, the total number of
voting rights in the Company's ordinary shares will be 812,630,878.
Patagonia Gold does not hold any Ordinary Shares in treasury.
The aforementioned figure of 812,630,878 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 an advanced mining exploration company that seeks
to grow shareholder value through the acquisition, exploration and
development of gold and silver projects in the southern Patagonia
region of Argentina. The Company is primarily focused on the
development of two properties: the flagship Cap-Oeste project and the
nearby COSE project, which is expected to begin generating free cash
flow by 2013. Patagonia Gold, indirectly through its subsidiaries or
under option agreements, has mineral rights to over 220 properties in
several provinces of Argentina and Chile, being one of the largest
landholders in the province of Santa Cruz. The Company is headquartered
in London, with subsidiary offices in Buenos Aires and Toronto.
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
For further information:
Bill Humphries / Nigel Everest
Patagonia Gold Plc
Tel: +44 (0)20 7409 7444
Philip Yee, CFO
Patagonia Gold Plc
Tel: +1 (416) 572 2007
Barnes Communications Inc.
Tel: +1 (416) 367-5000
Simon Raggett / Angela Hallett
Strand Hanson Ltd
Tel: +44 (0)20 7409 3494
Mirabaud Securities LLP
Tel: +44 (0)20 7878 3360
David Bick / Mark Longson
Square 1 Consulting
+44 (0)20 7929 5599