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LONDON - Guardian Metal Resources plc (LON:GMET/OTCQB:GMTLF), a strategic mineral exploration and development company with operations in Nevada, US, has announced the exercise of warrants that will inject £587,600 into the company. The exercised warrants will result in the issuance of 3,456,473 new ordinary shares at a price of 17p each.
The company expects the new shares to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG) on or around May 9, 2025. These shares will be ranking equally with the existing ordinary shares.
Following the admission of the Warrant Shares, Guardian Metal’s issued share capital will expand to 134,338,352 ordinary shares of 1p each. This figure will serve as the total voting rights in the company and will be the basis for shareholders to determine whether they need to disclose changes in their stake as per the Financial Conduct Authority’s Disclosure and Transparency Rules.
The exercise of these warrants provides Guardian Metal with additional capital, reflecting shareholder confidence in the company’s strategic direction and development potential in the mineral exploration sector.
This financial move comes as part of the company’s broader efforts to develop its assets and expand its operational capabilities. The funds raised are expected to support Guardian Metal’s ongoing projects and operational activities in Nevada.
Guardian Metal Resources plc has not disclosed specific plans for the use of the proceeds from the warrant exercise. The information presented in this article is based on a press release statement from the company.
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