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LONDON - Guardian Metal Resources plc (LON:GMET/OTCQB:GMTLF), a company specializing in strategic mineral exploration and development in Nevada, US, has announced the exercise of warrants that will result in the issuance of 408,497 new ordinary shares. The exercise price for these shares is 17 pence per share, which will provide the company with £69,444.49 in funding.
The newly issued shares, known as Warrant Shares, are expected to be admitted to trading on the AIM market of the London Stock Exchange (LON:LSEG) around April 25, 2025. Upon admission, the Warrant Shares will be on equal footing (pari passu) with the existing ordinary shares of Guardian Metal that are currently traded on AIM.
Following the admission of the Warrant Shares, Guardian Metal’s issued share capital will increase to a total of 129,854,131 ordinary shares, each with a nominal value of 1 pence. This figure will represent the total voting rights in the company. Shareholders can use this number as a reference to determine if they need to disclose changes in their holdings or interest in the company, in accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules.
The exercise of these warrants is a clear indication of investor confidence in Guardian Metal’s prospects and provides additional capital for the company’s ongoing projects and operations in the mineral-rich region of Nevada.
This financial development is based on a press release statement from Guardian Metal Resources plc and does not include any promotional content or subjective assessment. The information provided is strictly factual, aiming to give shareholders and potential investors an accurate update on the company’s latest financial maneuvers.
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