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Tertiary Minerals (TYM) – Issue of Shares by Sunrise Resources PLC

Tertiary Minerals plc, the AIM traded company building a strategic position in the fluorspar sector, is pleased to announce that earlier today, the Board of Sunrise Resources PLC resolved to issue 22,332,230 new ordinary shares of 0.1p each of Sunrise to Tertiary in settlement of £30,148.51 of management fees outstanding at 31 December 2016.

Since the formation of Sunrise, Tertiary has provided, and continues to provide, Sunrise with office facilities and company and project management services at cost. This cost sharing arrangement works to the benefit of both companies and enables them to be run with reduced overheads.

Following the issue of the New Shares, Tertiary will hold 136,454,787 Ordinary Shares of Sunrise, representing an interest of approximately 11.23% of the enlarged issued capital of Sunrise.

Application will be made for the New Shares to be admitted to trading on AIM. Admission is expected to occur on or around 7 February 2017.

Notes to Editors

Tertiary Minerals (TYM) is an AIM-traded mineral exploration and development company building a significant strategic position in the fluorspar sector. Fluorspar is an essential raw material in the chemical, steel and aluminium industries. Tertiary controls two significant Scandinavian projects (Storuman in Sweden and Lassedalen in Norway) and a large deposit of strategic significance in Nevada USA (MB Project).

Enquiries

 

Tertiary Minerals plc

Patrick Cheetham, Executive Chairman

Richard Clemmey, Managing Director

 

+44 (0)1625 838 679           

SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker#

Ewan Leggat /Lindsay Mair

+44 (0) 20 3470 0470

Beaufort Securities Ltd

Joint Broker

Elliot Hance

+44 (0)20 7382 8300

Brand Communications

Alan Green

+44 (0)7976 431608

Notes to Editors

Tertiary Minerals plc (ticker symbol ‘TYM’) is an AIM-traded mineral exploration and development company building a significant strategic position in the fluorspar sector. Fluorspar is an essential raw material in the chemical, steel and aluminium industries. Tertiary controls two significant Scandinavian projects (Storuman in Sweden and Lassedalen in Norway) and a large deposit of strategic significance in Nevada USA (MB Project).

Sunrise Resources Plc (SRES) – Holding in Tertiary Minerals (TYM)

Sunrise Resources Plc
16 November 2016
 TYM1
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
 ii

Sunrise Resources plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

Issue of 11,887,558 new ordinary shares to Tertiary Minerals plc

ü

3. Full name of person(s) subject to the
notification obligation:
 iii

Tertiary Minerals plc

4. Full name of shareholder(s)
(if different from 3.):iv

As above

5. Date of the transaction and date on
which the threshold is crossed or
reached:
 v

15 November 2016

6. Date on which issuer notified:

16 November 2016

7. Threshold(s) that is/are crossed or
reached: 
vi, vii

10%



8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B075Z681

102,234,999

102,234,999

114,122,557

114,122,557

N/A

10.08%

N/A

Ordinary Shares

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date 
xiii

Exercise/
Conversion Period 
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period 
xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

114,122,557

10.08%



9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: 
xxi

Proxy Voting:

10. Name of the proxy holder:

N/A

11. Number of voting rights proxy holder will cease to hold:

N/A

12. Date on which proxy holder will cease to hold voting rights:

N/A


13. Additional information:


N/A

14. Contact name:

Judith Hayes

15. Contact telephone number:

01625 838679

Tertiary Minerals (TYM) – Issue of Shares by Sunrise Resources (SRES).

TYM1Tertiary Minerals (TYM), building a strategic position in the fluorspar sector, is pleased to announce that on 7 March 2016 the Board of Sunrise Resources (SRES) resolved to issue 49,298,406 new ordinary shares of 0.1p each of Sunrise to Tertiary in settlement of management fees of £86,272.21 due to the Company for the six month period ended 31 December 2015.

Since the formation of Sunrise, Tertiary has provided, and continues to provide, Sunrise with office facilities and company and project management services at cost. This cost sharing arrangement works to the benefit of both companies and enables them to be run with reduced overheads.

Following the issue of the New Shares, Tertiary will hold 102,234,999 ordinary shares of Sunrise, representing an interest of approximately 13.70% of the enlarged issued capital of Sunrise.

Application will be made for the New Shares to be admitted to trading on AIM. Admission is expected to occur on 14 March 2016.

Enquiries

 

Tertiary Minerals plc

Patrick Cheetham, Executive Chairman 

Richard Clemmey, Managing Director

 

 

+44 (0)1625 838 679             

 

SP Angel Corporate Finance LLP

Nominated Adviser & Joint Broker

Ewan Leggat / Tercel Moore            

 

 

+44 (0)20 3470 0470

Beaufort Securities Ltd

Joint Broker

Jon Belliss / Elliot Hance

 

Brand Communications

Alan Green

 

+44 (0)20 7382 8300

+44 (0)7976 431 608

 

Notes to Editors

Tertiary Minerals plc (TYM) is an AIM-quoted mineral exploration and development company building a significant strategic position in the fluorspar sector. Fluorspar is an essential raw material in the chemical, steel and aluminium industries. Tertiary controls two significant Scandinavian projects (Storuman in Sweden and Lassedalen in Norway) and a large deposit of strategic significance in Nevada USA (MB Project).

CAUTIONARY NOTICE

The news release may contain certain statements and expressions of belief, expectation or opinion which are forward looking statements, and which relate, inter alia, to the Company’s proposed strategy, plans and objectives or to the expectations or intentions of the Company’s directors. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the control of the Company that could cause the actual performance or achievements of the Company to be materially different from such forward-looking statements. Accordingly, you should not rely on any forward-looking statements and save as required by the AIM Rules for Companies or by law, the Company does not accept any obligation to disseminate any updates or revisions to such forward-looking statements.

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