TORONTO, March 5, 2013 /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 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
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
Angela Hallett / James Dance
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
Tel: +44 (0)20 7929 5599