Ferrex, the AIM quoted iron ore and manganese development company focused on Africa, has announced that application has been made for the admission to trading on AIM for a total of 222,222 ordinary shares of 0.5p per share.

Admission is expected to take place on Friday.

The 222,222 ordinary shares have been issued at a price of 2.25p per share in consideration of fees relating to the placing announced last month and on the same terms as that placing.

The place will also receive 111,111 warrants exercisable at 3.25p per share for a period of 36 months from 9 October 2012 but these will not be admitted to trading on AIM.

Source - StockMarketWire.com

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