Pathfinder Minerals Plc Exercise of Warrants & Issue of Fee Shares (3759E)

TIDMPFP

RNS Number : 3759E

Pathfinder Minerals Plc

03 July 2019

3 July 2019

Pathfinder Minerals Plc

("Pathfinder" or the "Company")

Exercise of Warrants, Issue of Fee Shares

&

Total Voting Rights

Pathfinder announces that it has received notice of the exercise of warrants to subscribe for, in aggregate, a total of 3,413,797 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"). These warrants were issued as part of the Company's fundraising announced in May 2018 and the exercise price of these warrants was 1.5p per warrant. Accordingly, the Company has received proceeds of approximately GBP51,207 in respect of the exercise of the warrants.

Additionally, the Company has agreed to issue, in aggregate, 1,927,272 new Ordinary Shares to satisfy fees for certain corporate and corporate finance services provided by non-related parties (the "Fee Shares").

The new Ordinary Shares issued pursuant to the warrant exercise, and the Fee Shares, will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such Ordinary Shares.

Application will be made for, in aggregate, 5,341,069 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 9 July 2019.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 318,366,939 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 318,366,939. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:

Pathfinder Minerals Plc

John Taylor, Chief Executive Officer

Tel. [phone]

Strand Hanson Limited (Nominated & Financial Adviser and Broker)

James Spinney / Ritchie Balmer / Jack Botros

Tel. [phone]

Vigo Communications (Public Relations)

Ben Simons / Simon Woods

Tel. [phone]

Email. [e-mail]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

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 [e-mail] or visit www.rns.com.

END

IOECKNDPKBKDQOK

(END) Dow Jones Newswires

July 03, 2019 07:00 ET (11:00 GMT)