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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 58.3 million new ordinary shares.
The company reported that holders exercised Cash Warrants over 750,000 ordinary shares at 2 pence per share and Prepaid Warrants over 57,550,000 ordinary shares. Both warrant types were issued as part of the Equity Fundraise announced on January 31, 2025.
Metals One has applied for the admission of these new shares to trading on London’s AIM market. The shares are expected to begin trading on June 23, 2025, and will rank equally with existing ordinary shares.
Following the admission of these new shares, Metals One’s total issued share capital will consist of 203,597,750 ordinary shares with voting rights. The company confirmed it does not hold any shares in treasury.
The announcement 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 was disclosed in a press release statement issued by the company.
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