Tag Archives: value generation limited

Power Metal Resources plc (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces that today, Paul Johnson, Chief Executive Officer of the Company purchased  further 250,000 ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of 2.14p per Ordinary Share through his Self-Invested Personal Pension (“SIPP”).

With the Director Dealing announcement earlier, Paul Johnson has today purchased a total of 500,000 shares (£10,597 invested in total). 

Following the above purchase Mr Johnson has a beneficial interest in a total of 64,500,000 Ordinary Shares, representing approximately 5.43% of the issued share capital of the Company.

Additionally, as announced yesterday, Value Generation Limited, a private company beneficially owned by Paul Johnson, has irrevocably undertaken to exercise 10 million warrants to acquire 10 million new Ordinary Shares in the Company. A further announcement in respect of this warrant exercise will be made on 17 August 2021 and will increase Paul Johnson’s beneficial holding in the Company by a further 10 million Ordinary Shares. 

For further information please visit https://www.powermetalresources.com/ or contact:

Notes to Editors:

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious and base metal exploration in North America, Africa and Australia.

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to drive the Company’s growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.

Power Metal Resources plc (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces that today, Paul Johnson, Chief Executive Officer of the Company purchased 250,000 ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of 2.0988p per Ordinary Share through his Self-Invested Personal Pension (“SIPP”) (£5,247 invested). 

Following the above purchase Mr Johnson has a beneficial interest in a total of 64,250,000 Ordinary Shares, representing approximately 5.41% of the issued share capital of the Company.

Additionally, as announced yesterday, Value Generation Limited, a private company beneficially owned by Paul Johnson, has irrevocably undertaken to exercise 10 million warrants to acquire 10 million new Ordinary Shares in the Company. A further announcement in respect of this warrant exercise will be made on 17 August 2021 and will increase Paul Johnson’s beneficial holding in the Company by a further 10 million Ordinary Shares. 

For further information please visit https://www.powermetalresources.com/ or contact:

Notes to Editors:

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious and base metal exploration in North America, Africa and Australia.

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to drive the Company’s growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.

Power Metal Resources plc (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces that today Value Generation Limited a private company beneficially owned by Paul Johnson, Chief Executive Officer of the Company, has provided an irrevocable undertaking to exercise warrants to subscribe for ten million new ordinary shares in the Company of 0.1p each.

The warrants were issued to participants in a financing undertaken by the Company in February 2019 and in which Value Generation Limited subscribed for ten million new Ordinary Shares, receiving ten million warrants to acquire Ordinary Shares at a price of 1.0p per new Ordinary Share (the “Warrants”).

The expiry date of the Warrants is 18 August 2021 and Value Generation Limited has irrevocably confirmed it will exercise the Warrants on 17 August 2021 and pay £100,000 exercise monies to the Company.

The irrevocable undertaking to exercise the Warrants has been given by Value Generation Limited to mitigate the possibility of Paul Johnson being in possession of price sensitive information prior to the expiry date of the Warrants and unable to exercise the Warrants as a result.

Further relevant disclosures will be made on or around 17 August 2021. 

Paul Johnson, Chief Executive Officer of Power Metal Resources plc commented:

“Since joining the board and with today’s commitment, I will have invested over half a million pounds cash into Power Metal shares.  Much of that investment has been through on market purchases, alongside participation in all three financings undertaken since February 2019.

Today’s irrevocable commitment brings my first warrant exercise raising £100,000 for Power Metal and adding to our existing robust working capital position.

My remaining warrants and options if exercised in full would provide additional cash to the Company of just under £1million.

As the largest notified shareholder in the Power Metal I am in a fortunate position as CEO, able to play a considerable part in the future advancement of the Company.  We have grand ambitions, a brilliant and growing operational team, and an exceptional portfolio of projects giving our shareholders exposure to multiple potential district scale discovery scenarios.

We have entered into an intensive period in the life of Power Metal, with numerous discovery focused drill programmes planned in the balance of 2021.  Let’s see what transpires!”

For further information please visit https://www.powermetalresources.com/ or contact:

Notes to Editors:

Power Metal Resources plc (LON:POW) is an AIM listed metals exploration company which finances and manages global resource projects and is seeking large scale metal discoveries.

The Company has a principal focus on opportunities offering district scale potential across a global portfolio including precious and base metal exploration in North America, Africa and Australia.

Project interests range from early-stage greenfield exploration to later-stage prospects currently subject to drill programmes.

Power Metal will develop projects internally or through strategic joint ventures until a project becomes ready for disposal through outright sale or separate listing on a recognised stock exchange thereby crystallising the value generated from our internal exploration and development work.

Value generated through disposals will be deployed internally to drive the Company’s growth or may be returned to shareholders through share buy backs, dividends or in-specie distributions of assets.

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified that yesterday Value Generation Limited, a company beneficially owned by Paul Johnson, Chief Executive Officer of the Company, purchased on market 500,000 ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of 1.15p per Ordinary Share (£5,750 invested).  

In addition, yesterday Paul Johnson purchased 500,000 Ordinary Shares through his Self-Invested Personal Pension (“SIPP”) at a price of 1.15p per share (a further £5,750 invested).

Following the above purchases Mr Johnson has a beneficial interest in a total of 58,000,000 Ordinary Shares, representing approximately 7.09% of the issued share capital of the Company.

PDMR Disclosure

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director’s share dealing.

**Ends**

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information please visit https://www.powermetalresources.com/ or contact:

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 metals exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage drill ready prospects.

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.

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified that today Value Generation Limited, a company beneficially owned by Paul Johnson, Chief Executive Officer of the Company, purchased on market 1,000,000 ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of 1.064p per Ordinary Share (£10,640 invested).

Following the above purchase Mr Johnson has a beneficial interest in a total of 57,000,000 Ordinary Shares, representing approximately 6.97% of the issued share capital of the Company.

PDMR Disclosure

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director’s share dealing.

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified that today Value Generation Limited, a company beneficially owned by Paul Johnson, Chief Executive Officer of the Company, purchased on market 1,000,000 ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of 1.2p per Ordinary Share (£12,000 invested).

Following the above purchase Mr Johnson has a beneficial interest in a total of 56,000,000 Ordinary Shares, representing approximately 6.91% of the issued share capital of the Company.

PDMR Disclosure

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director’s share dealing.

**Ends**

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information please visit https://www.powermetalresources.com/ or contact:

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 metals exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage drill ready prospects.

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.

Power Metal Resources plc (LON:POW) the AIM listed metals exploration and development company was notified that today Paul Johnson, Chief Executive Officer of the Company, purchased on market 1,000,000 ordinary shares of 0.1 pence each in the Company (“Ordinary Shares”) at a price of 1.1275p per Ordinary Share through his Self-Invested Personal Pension.

In addition, Value Generation Limited, a company a company beneficially owned by Paul Johnson, purchased on market 400,000 Ordinary Shares at 1.125p per Ordinary Share.

In total 1,400,000 Ordinary Shares were purchased at average price of 1.12678p for a total amount invested of £15,775.

Following the above purchases Mr Johnson has a beneficial interest in a total of 55,000,000 Ordinary Shares, representing approximately 7.13% of the issued share capital of the Company. 

PDMR Disclosure

The notifications below, made in accordance with the requirements of the EU Market Abuse Regulation, provide further detail on the director’s share dealing.

**Ends**

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

For further information please visit https://www.powermetalresources.com/ or contact:

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 gold exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage drill ready prospects.

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.