Sunrise Resources Plc Issue of Equity & TVR (9406E)

TIDMSRES

RNS Number : 9406E

Sunrise Resources Plc

04 July 2023

4 July 2023

SUNRISE RESOURCES PLC

("Sunrise" or the "Company")

Issue of Equity & TVR

Further to its announcement of 30 November 2022, Sunrise Resources plc ("Sunrise" or the "Company") wishes to announce that it is redeeming a second 1/8(th) portion of the first GBP200,000 Convertible Security issued to Towards Net Zero, LLC (the "Investor" and the "Convertible Security") through the issue of Ordinary Shares in the Company.

A total of 35,714,286 new ordinary shares of 0.1p each (the "Redemption Shares") are being issued at a price of 0.1p each in connection with this redemption and application will be made for the Redemption Shares to be admitted to trading on AIM. ("Admission"). Admission is expected to occur on or around Monday 10 July 2023.

On issue of the Redemption Shares the face value of the first Convertible Security value will be reduced to GBP150,000.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Board of Sunrise hereby notifies the market that, following Admission of the Redemption Shares, the Company will have 4,023,623,459 shares in issue with each share carrying the right to one vote. There are no shares currently held in treasury. The total number of voting rights in the Company is therefore 4,023,623,459 and this figure may be used by shareholders as the denominator for the calculations by which they determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Further information:

 
 Sunrise Resources plc           Tel: +44 (0)1625 838 884 
  Patrick Cheetham, Executive 
  Chairman 
                                 Tel: +44 (0)207 628 3396 
   Beaumont Cornish Limited 
   Nominated Adviser 
   James Biddle/Roland Cornish 
                                 Tel: +44 (0)207 469 0930 
   Peterhouse Capital Limited 
   Broker 
   Lucy Williams/Duncan Vasey

Shares in the Company trade on AIM. EPIC: "SRES".

Website: www.sunriseresourcesplc.com

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 which forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

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July 04, 2023 07:38 ET (11:38 GMT)

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