Great Western Mining Corp. plc Exercise of Warrants and Issue of Equity (4650Z)
September 18 2020 - 8:00AM
UK Regulatory
TIDMGWMO
RNS Number : 4650Z
Great Western Mining Corp. plc
18 September 2020
GREAT WESTERN MINING CORPORATION PLC
("Great Western" or the "Company")
Exercise of Warrants and Issue of Equity
Great Western Mining Corporation PLC (AIM - GWMO, Euronext
Growth - 8GW), which is exploring and developing multiple
early-stage gold, silver and copper targets in Nevada, announces
that it has received a notice of exercise of warrants over
50,000,000 new ordinary shares of EUR0.0001 each in the share
capital of the Company at a price of 0.16 pence per share ("the
Warrant Shares"), which were granted in conjunction with the
Placing on 13 November 2019. The Company will issue the Warrant
Shares with gross proceeds amounting to GBP80,000.
Settlement and Dealing
Application will be made to the AIM Market of the London Stock
Exchange ("AIM") and Euronext Growth for a total of 50,000,000
ordinary shares, which will rank pari passu with the Company's
existing issued Ordinary Shares, to be admitted to trading.
Dealings on AIM and Euronext Growth are expected to commence on or
around 24 September 2020 ("Admission").
Total Voting Rights
In conformity with Regulation 20 of the Transparency (Directive
2004/109/EC) Regulations 2007, Great Western advises that the total
number of ordinary shares of EUR0.0001 each in issue (with voting
rights) will be 2,157,964,550 following the issue of the Warrant
Shares. The Company does not hold any ordinary shares in
treasury.
This figure may be used by shareholders as the denominator for
the calculations by which they will determine if they are required
to notify their interest in, or a change to their interest in Great
Western under the Transparency (Directive 2004/109/EC) Regulations
2007 and the Transparency Rules.
For further information:
Great Western Mining Corporation Via Walbrook PR
PLC
Brian Hall, Chairman
Max Williams, Finance Director
Davy (Nomad, Euronext Growth Adviser
& Joint Broker)
John Frain +353 1 679 6363
Novum Securities (Joint Broker)
Jon Belliss +44 207 399 9400
ETX Capital (Joint Broker)
Thomas Smith +44 207 392 1494
Walbrook PR
Nick Rome +44 207 933 8783
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END
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