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Power Metal Resources plc (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an exercise of warrants.
Warrant Exercise
The Company has received a notice to exercise warrants over 657,895 new ordinary shares of 0.1 pence each in the Company (“Warrant Shares”) at an exercise price of 0.75p per Warrant Share and raising an additional £4,934 for the Company.
ADMISSION AND TOTAL VOTING RIGHTS
Application will be made for the 657,895 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 27 June 2022 (“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 1,477,036,161 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.