Power Metal Resources PLC Exercise of Warrants (9814W)
April 28 2021 - 1:22PM
UK Regulatory
TIDMPOW
RNS Number : 9814W
Power Metal Resources PLC
28 April 2021
28 April 2021
Power Metal Resources PLC
("Power Metal" or the "Company")
Exercise of Warrants
Power Metal Resources PLC (LON:POW) the AIM listed metals
exploration and development company is pleased to announce it has
received notices to exercise warrants over 3,750,000 new ordinary
shares of 0.1 pence each in the Company ("Warrant Shares").
The Warrant Shares are being issued pursuant to the exercise of
3,750,000 warrants at an exercise price of 0.7 pence per ordinary
share of 0.1 pence each in the Company.
Subscription monies of GBP26,250 have been received by Power
Metal in respect of these exercises.
ADMISSION AND TOTAL VOTING RIGHTS
Application will be made for the 3,750,000 Warrant Shares to be
admitted to trading on AIM which is expected to occur on or around
6 May 2021 ("Admission"). The Warrant Shares will rank pari passu
in all respects with the ordinary shares of the Company currently
traded on AIM.
Following Admission, the Company's issued share capital will
comprise 1,146,767,211 ordinary shares of 0.1p each. This number
will represent the total voting rights in the Company and may be
used by shareholders as the denominator for the calculation by
which they can 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 and Transparency
Rules.
For further information please visit https://www.powermetalresources.com/ or contact:
Power Metal Resources plc
Paul Johnson (Chief Executive Officer) +44 (0) 7766 465 617
SP Angel Corporate Finance (Nomad and Joint Broker)
Ewan Leggat/Charlie Bouverat +44 (0) 20 3470 0470
SI Capital Limited (Joint Broker)
Nick Emerson +44 (0) 1483 413 500
First Equity Limited (Joint Broker)
David Cockbill/Jason Robertson +44 (0) 20 7330 1883
Notes to Editors:
Power Metal Resources plc (LON:POW) is an AIM listed metals
exploration and development company seeking a large scale metal
discovery.
The Company has a global portfolio of project interests
including precious metal exploration in North America and Australia
together with base and strategic metal exploration in Africa.
Project interests range from early stage greenfield exploration to
later stage prospects currently subject to drill programmes.
The Board and its team of advisors have expertise in project
generation, exploration and development and have identified an
opportunity to utilise the Company's position to become a leader in
the London market for investors wishing to gain exposure to
proactive global metals exploration.
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END
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