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Empire Metals reports warrant exercise for 759,988 new shares
LONDON - Empire Metals Limited (LON:EEE) announced Thursday that it has issued 759,988 new ordinary shares following the exercise of warrants by two of its brokers.
The AIM-quoted resource exploration company reported that SP Angel Corporate Finance LLP exercised warrants over 70,000 shares at £0.06 per share, generating £4,200. Additionally, Shard Capital Stockbrokers exercised warrants over 689,988 shares at £0.105 per share, providing the company with £72,448.74.
Empire Metals stated it will apply to the London Stock Exchange (LON:LSEG) for the new shares to be admitted to trading on AIM, with admission expected around June 18, 2025.
Following the admission of these new shares, the company’s issued share capital will consist of 690,393,221 ordinary shares of no-par value, representing the total number of voting rights in the company.
Empire Metals focuses primarily on developing Pitfield, a titanium project in Western Australia. The company also maintains exploration projects including the Eclipse Project and Walton Project in Western Australia, as well as three precious metals projects in Austria.
The information was provided in a company press release issued Thursday.
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