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#MDH Mendell Helium PLC – Issue of Equity & Warrants
Mendell Helium announces that it has issued 667,000 new ordinary shares at a price of 3 pence per share (the “Shares”) and 500,000 warrants over new ordinary shares with an exercise price of 3 pence per share exercisable for a period of two years from Admission (as defined below), in lieu of certain accrued liabilities owed by the Company.
Admission
Application has been made for the Shares to be admitted to trading on the Aquis Stock Exchange AQSE Growth Market (“Admission”). Admission is expected to occur at 8:00 am on or around 15 October 2024.
Total voting rights
Following Admission, the Company’s enlarged share capital will comprise 43,885,160 ordinary shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 43,885,160. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
As announced on 27 June 2024, the Company has an option to acquire M3 Helium Corp., a producer of helium based in Kansas and with an interest in six wells. There is no certainty that the Company’s option to acquire M3 Helium will be exercised, nor that the enlarged group will successfully complete its re-admission to trading on the AQSE Growth Market.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
#SVML Sovereign Metals LTD – ASX Price Query
Sovereign Metals Limited (ASX:SVM; AIM:SVML) (the Company or Sovereign) advises that the below response was provided to the Australian Securities Exchange (ASX) following the receipt of a query from ASX regarding an increase in Sovereign’s share price and in the volume of trading securities.
To view the announcement in full, please refer to:
https://www.investi.com.au/api/announcements/svm/84faf4e8-a54.pdf.
3 June 2024
Sam Dorland
Australia Securities Exchange
Central Park, 152-158 St Georges terrace
Perth WA 6000
By email: sam.dorland@asx.com.au
Dear Sam,
Response to Price Query
In response to your correspondence dated 3 June 2024 regarding an increase in the Sovereign Metals Limited’s (Company or Sovereign) share price and in the volume of trading securities, the Company’s response is as follows:
1. No, the Company is not aware of any information that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company.
2. Not applicable.
3. Sovereign notes recent Company announcements regarding developments at the Kasiya Rutile Project in Malawi (Kasiya) including:
(a) Commencement of pilot mining and land rehabilitation program at Kasiya as part of the ongoing optimisation study (refer to ASX announcement dated 22 May 2024);
(b) Downstream testwork at Kasiya has demonstrated high quality graphite for lithium-ion batteries (refer to ASX announcement dated 15 May 2024);
(c) Graphite circuit feed prepared at the Company’s Lilongwe laboratory facility produced high quality graphite concentrates for us in pilot-scale flotation and cleaning (refer to ASX announcement dated 8 May 2024); and
(d) The increase of graphite bulk sample scale for Kasiya with the installation of an industrial scale spiral concentrator at the Company’s Lilongwe laboratory facility (refer to ASX announcement dated 1 May 2024).
4. The Company confirms that it is in compliance with the listing rules, in particular, Listing Rule 3.1.
5. The Company confirms that its responses to the questions above have been authorised and approved in accordance with its published continuous disclosure policy or otherwise by its board or an officer of the Company with delegated authority from the board to respond to ASX on disclosure matters.
Classification 3.1 Additional regulated information required to be disclosed under the laws of a Member State