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Share Name Share Symbol Market Type Share ISIN Share Description
Power Metal Resources Plc LSE:POW 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
  0.04 1.35% 3.00 2.90 3.00 3.15 2.90 2.95 9,650,844 16:35:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -1.6 -0.5 - 29

Power Metal Resources PLC Exercise of Warrants

23/11/2020 5:19pm

UK Regulatory (RNS & others)


Power Metal Resources (LSE:POW)
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RNS Number : 2366G

Power Metal Resources PLC

23 November 2020

23 November 2020

Power Metal Resources PLC

("Power Metal" or the "Company")

Exercise of Warrants

Power Metal Resources PLC (LON:POW) the AIM listed metals exploration and development company is pleased to announce it has received a notice to exercise warrants over 3,750,000 new ordinary shares of 0.1 pence each in the Company ("Warrant Shares").

The Warrant Shares are being issued pursuant to the exercise of 3,750,000 warrants at an exercise price of 0.7 pence per ordinary share of 0.1 pence each in the Company.

Subscription monies of GBP26,250 have been received by Power Metal in respect of this exercise.

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 3,750,000 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 30 November 2020 ("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 867,859,942 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 (LON:POW) is an AIM listed metals exploration and development company seeking a large scale metal discovery.

The Company has a global portfolio of project interests including precious metal exploration in North America and Australia together with base metal exploration in Africa. Project interests range from early stage greenfield exploration to later stage prospects currently subject to drill programmes.

The Board and its team of advisors have expertise in project generation, exploration and development and have identified an opportunity to utilise the Company's position to become a leader in the London market for investors wishing to gain exposure to proactive global metals exploration.

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

November 23, 2020 12:19 ET (17:19 GMT)

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