LONDON - Guardian Metal Resources PLC (LON:GMET/OTCQB:GMTLF), a mineral exploration and development company, announced today that it has received notices for the exercise of warrants which will result in the issuance of 394,117 new ordinary shares. The exercised warrants, priced at 17 pence per share, will inject £66,999.89 into the company's finances.
The new shares are scheduled for admission to trading on the AIM market of the London Stock Exchange (LON:LSEG) around Monday, 19 December 2024. These shares will have equal standing with the existing ordinary shares already in circulation.
Following the admission of the new shares, Guardian Metal's total issued share capital will reach 122,406,991 ordinary shares, each with a nominal value of 1 pence. This figure will also reflect the total voting rights associated with the company's shares, which shareholders can use as a basis for determining their notification requirements under the Financial Conduct Authority's Disclosure and Transparency Rules.
This development comes as Guardian Metal continues its strategic mineral exploration efforts in Nevada, United States. The company's activities are a part of the broader industry's push to discover and develop new mineral resources.
The information regarding the exercise of warrants and the forthcoming addition of new shares to the market is based on a press release statement. It is intended to keep shareholders and potential investors informed of significant corporate events that may influence their investment decisions.
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