Exercise of Warrants

Golden Metal Resources PLC

03 April 2024

 

3 April 2024

Golden Metal Resources plc ("Golden Metal" or the "Company")

Exercise of Warrants

Golden Metal Resources plc (LON:GMET/OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces an exercise of warrants.

Warrant Exercise

The Company has received a notice from The Mega Company to exercise warrants over 1,470,588 new ordinary shares of 1 pence each in the Company ("Warrant Shares"), at an exercise price of 10.75p per Warrant Share, raising £158,088.21 for the Company.

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 1,470,588 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 8 April 2024 ("Admission"). The Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 92,520,308 ordinary shares of 1p each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Following Admission, The Mega Company will hold 4,411,764 ordinary shares, representing 4.77 per cent. of the Company's enlarged issued share capital, and Ms Chang Turkmani, who has an interest in The Mega Company ,will have a total interest in 5,217,646 ordinary shares representing 5.64 per cent. of the Company's enlarged issued share capital.

Golden Metal Resources plc Oliver Friesen (CEO)	Tel: [phone]
Cairn Financial Advisers LLP Nominated Adviser Sandy Jamieson/Jo Turner/Louise O'Driscoll	Tel: [phone]
First Equity Limited Broker Jonathan Brown/Jason Robertson	Tel: [phone]

 

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