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LONDON - Metals One Plc (AIM:MET1), a minerals exploration and development company, announced Friday it has received notice for the exercise of warrants resulting in the issuance of 12.4 million new ordinary shares.
The company reported that holders exercised Cash Warrants over 400,000 ordinary shares at 2 pence per share, along with Prepaid Warrants over 12 million ordinary shares. Both warrant types were issued as part of the Equity Fundraise announced on January 31, 2025.
The new shares will be admitted to trading on London’s AIM market on June 16, 2025, with trading expected to commence at 8:00 a.m. The shares will rank equally with existing ordinary shares.
Following the admission of these new shares, Metals One’s total issued share capital will consist of 145,297,750 ordinary shares with voting rights. The company confirmed it does not hold any shares in treasury.
The company noted that shareholders may use the updated share count as the denominator for calculations to determine if they need to notify their interest in the company under the UK Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This information is based on a press release statement issued by Metals One.
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