Pathfinder Minerals Plc Update in relation to £1.275 million subscription
April 04 2024 - 1:00AM
RNS Regulatory News
RNS Number : 2366J
Pathfinder Minerals Plc
04 April 2024
4 April
2024
Pathfinder Minerals
plc
("Pathfinder" or the
"Company")
Update in relation to £1.275 million
subscription
Pathfinder Minerals PLC (AIM: PFP), an
AIM Rule 15 cash shell, announced on 22 December 2023
that Pathfinder has raised approximately £1.275
million (before expenses) by way of a subscription of through the
issue of 425,000,000 new ordinary shares of 0.1 pence each in the
Company at 0.30 pence per new Ordinary Share (the
"Subscription"). Admission of the new Ordinary Shares to
trading on AIM took place on 27 December 2023.
As part of the Subscription, new Ordinary Shares
were issued and allotted to a certain participant in the
Subscription (the "Subscriber"). Notwithstanding settlement taking
place on 27 December 2023, £60,000.00 is currently outstanding from
the Subscriber.
The Company has been in regular dialogue with
the Subscriber and the Company currently expects settlement in full
on the basis of the assurances received from the Subscriber. The
Subscriber has reiterated his commitment to settling his
outstanding Subscription to the Company as soon as practicable.
However, there can be no guarantee that funds will be received from
the Subscriber.
The Company will provide a further update as
soon as practicable.
Enquiries:
Pathfinder
Minerals Plc
Paul Barrett, Executive Director
Tel. +44 (0)20 3143 6748
Allenby Capital
Limited (Nominated Adviser and Broker)
John Depasquale / Vivek Bhardwaj / Lauren Wright
(Corporate Finance)
Stefano Aquilino / Joscelin Pinnington (Sales
& Corporate Broking)
Tel. +44 (0)20 3328 5656
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