Golden Metal Resources PLC Announces Exercise of Warrants

Rhea-AI Summary

Golden Metal Resources plc announces the exercise of warrants, raising additional funds through the issuance of new ordinary shares. The Company's total voting rights will increase post-admission to trading on AIM.

LONDON, UK / ACCESSWIRE / March 15, 2024 / Golden Metal Resources plc (LON:GMET)(OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces an exercise of warrants.

Warrant Exercise

The Company has received a notice to exercise warrants over 155,588 new ordinary shares of 1 pence each in the Company ("Warrant Shares") at an exercise price of 10.75p per Warrant Share and raising an additional £16,725.71 for the Company.

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 155,588 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 21 March 2024 ("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 91,049,720 ordinary shares of 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.

Golden Metal Resources plc Oliver Friesen (CEO)	Tel: +44 (0) 20 7583 8304
Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll	Tel: +44 20 7213 0880
First Equity Limited Broker Jonathan Brown/Jason Robertson	Tel: +44 20 7374 2212

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.

SOURCE: Golden Metal Resources plc

View the original press release on accesswire.com

FAQ

What is the exercise price for the new ordinary shares issued by Golden Metal Resources plc?

The exercise price for the new ordinary shares is 10.75p per share.

When is the expected date for the admission of the new Warrant Shares to trading on AIM?

The admission of the new Warrant Shares is expected to occur on or around 21 March 2024.

How many ordinary shares will comprise Golden Metal Resources plc's issued share capital post-admission?

Post-admission, the Company's issued share capital will comprise 91,049,720 ordinary shares of 1p each.

Who is the CEO of Golden Metal Resources plc?

The CEO of Golden Metal Resources plc is Oliver Friesen.