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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
African Battery Metals Plc | LSE:ABM | London | Ordinary Share | GB00BYWJZ743 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.55 | 0.50 | 0.60 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPOW
RNS Number : 8766S
Power Metal Resources PLC
18 July 2022
18 July 2022
Power Metal Resources plc ("Power Metal" or the "Company")
Exercise of Warrants
Power Metal Resources plc (LON:POW) the London listed exploration company seeking large-scale metal discoveries across its global project portfolio announces an exercise of warrants.
Warrant Exercise
The Company has received a notice to exercise warrants over 4,631,515 new ordinary shares of 0.1 pence each in the Company ("Warrant Shares") at an exercise price of 0.75p per Warrant Share and raising an additional GBP34,736 for the Company.
ADMISSION AND TOTAL VOTING RIGHTS
Application will be made for the 4,631,515 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 25 July 2022 ("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 1,502,733,450 ordinary shares of 0.1p 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.
For further information please visit https://www.powermetalresources.com/ or contact:
Power Metal Resources plc Paul Johnson (Chief Executive Officer) +44 (0) 7766 465 617 SP Angel Corporate Finance (Nomad and Joint Broker) Ewan Leggat/Charlie Bouverat +44 (0) 20 3470 0470 SI Capital Limited (Joint Broker) Nick Emerson +44 (0) 1483 413 500 First Equity Limited (Joint Broker) David Cockbill/Jason Robertson +44 (0) 20 7330 1883
NOTES TO EDITORS
Power Metal Resources plc - Background
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, base and strategic 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.
Exploration Work Overview
Power Metal has internal exploration programmes completed or underway, with results awaited, as outlined in the table below.
Exploration work programmes may also be underway within planned IPO vehicles where Power Metal has a material interest the findings from which will be released on their respective websites, with simultaneous updates through Power Metal regulatory announcements where required:
www.firstclassmetalsplc.com
www.goldenmetalresources.com
www.firstdevelopmentresources.com
Power Metal also holds a material investment in Kavango Resources plc with exploration updates available through their regulatory announcements and on their website:
www.kavangoresources.com
Project Location Current Work Completed Results Awaited POW or Underway % Alamo USA Earn-in Technical reports Analysis of technical Gold Project to 75% received following reports and potential excavation of follow-on work programme multiple test under review. pits and mapping & sampling completed. ---------- --------- ----------------------- -------------------------------- Athabasca Canada 100% Hyperspectral Finalise review of data Uranium data analysis from 3 properties. Prepare conducted across for summer exploration all 7 properties. programme across 4 properties. Updating to 7 data rooms for third party review. ---------- --------- ----------------------- -------------------------------- Authier Canada Earn-in Property Evaluation Update covering exploration North to 100% Report completed. plans for target areas Lithium identified during the Evaluation. ---------- --------- ----------------------- -------------------------------- Molopo Botswana 53%(#) Comprehensive Finalise next exploration Farms data review complete steps and action plan. and establishment of data room for third party review. ---------- --------- ----------------------- -------------------------------- Tati Botswana 100% Site visit with Exploration planning Project mapping of gold underway including further workings and mapping, sampling and mine dumps. launch of an RC drill programme. ---------- --------- ----------------------- -------------------------------- Victoria Australia 49.9% Diamond drill Final drill programme Goldfields programme completed. results analysis and Review of Ajax resource potential analysis & Berringa mine from former high-grade remaining resource producing mines in granted potential. licences. ---------- --------- ----------------------- --------------------------------
(#) subject to completion of acquisition announced 18.5.22 interest will increase to 87.71%
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IOEUWUNRUOUBAAR
(END) Dow Jones Newswires
July 18, 2022 12:25 ET (16:25 GMT)
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