Power Metal Resources PLC Exercise of Warrants (5136G)
July 26 2021 - 12:27PM
UK Regulatory
TIDMPOW
RNS Number : 5136G
Power Metal Resources PLC
26 July 2021
26 July 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 8,421,053 new ordinary
shares of 0.1 pence each in the Company ("Warrant Shares").
The Warrant Shares are being issued pursuant to the exercise of
8,421,053 warrants at an exercise price of 0.75 pence per ordinary
share of 0.1 pence each in the Company.
Subscription monies of GBP63,158 have been received by Power
Metal in respect of these exercises.
ADMISSION AND TOTAL VOTING RIGHTS
Application will be made for the 8,421,053 Warrant Shares to be
admitted to trading on AIM which is expected to occur on or around
2 August 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 1,187,317,944 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 large scale metal
discoveries
The Company has a global portfolio of project interests
including precious, base and strategic metal exploration in North
America, Africa and Australia. Project interests range from early
stage greenfield exploration to later stage exploration prospects
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEUNUNRASUBUAR
(END) Dow Jones Newswires
July 26, 2021 12:27 ET (16:27 GMT)
Power Metal Resources (LSE:POW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Power Metal Resources (LSE:POW)
Historical Stock Chart
From Sep 2023 to Sep 2024