3 April 2024
Golden
Metal Resources plc ("Golden Metal" or the "Company")
Exercise of
Warrants
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
from The Mega Company to exercise warrants over 1,470,588 new
ordinary shares of 1 pence each in the Company ("Warrant Shares"),
at an exercise price of 10.75p per Warrant Share, raising
£158,088.21 for the Company.
ADMISSION AND TOTAL VOTING RIGHTS
Application will be made for the
1,470,588 Warrant Shares to be admitted to trading on AIM which is
expected to occur on or around 8 April 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 92,520,308 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.
Following Admission, The Mega
Company will hold 4,411,764 ordinary shares, representing 4.77 per
cent. of the Company's enlarged issued share capital, and Ms Chang
Turkmani, who has an interest in The Mega Company ,will have a
total interest in 5,217,646 ordinary shares representing 5.64 per
cent. of the Company's enlarged issued share capital.
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
|