Further to the announcement of 18 October 2017, AIM-listed Alba Mineral Resources has completed the acquisition of a further 3.1% interest in Horse Hill Developments Limited ('HHDL') from Regency Mines. This brings Albaâs shareholding in HHDL to 18.1%, consolidating the Companyâs position as the second largest shareholder in the HHDL consortium, behind only UK Oil & Gas Investments ('UKOG'). Â  HHDL has a 65 per cent participating interest and operatorship of the Horse Hill oil & gas project (licences PEDL 137 and PEDL 246) in the UK Weald Basin.Â  Â  The total consideration payable is Â£630,000 including the assignment to Alba of the benefit of all accrued loans in respect of the 3.1% interest.Â  Of this consideration, Â£315,000 is being settled by the issue to Regency of 74,733,096 fully paid ordinary Alba shares at a trading 15 day volume weighted average price ('VWAP'), with the balance payable in cash. Â  Admission to AIMÂ   Application will be made for the 74,733,096 new ordinary Alba shares to be admitted to trading on AIM.Â  It is expected that Admission will become effective at 8.00 a.m. on 5 December 2017.Â  The new ordinary shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after Admission and will otherwise rank on Admission pari passu in all respects with the existing ordinary shares. Original article link Source: Alba Mineral Resources 
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