Exercise of Warrants & Total Voting Rights

RNS Number : 2986B

Pathfinder Minerals Plc

06 June 2019

 

6 June 2019

Pathfinder Minerals Plc

("Pathfinder" or the "Company")

Exercise of Warrants

&

Total Voting Rights

Pathfinder announces that it has received notice of the exercise of warrants to subscribe for a total of 4,706,807 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares").  These warrants were issued as part of the Company's fundraising announced in May 2018 and the exercise price of these warrants was 1.5p per warrant.  Accordingly, the Company has received proceeds of approximately £70,600 in respect of this warrant exercise.

Application will be made for the 4,706,807 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 12 June 2019.

Total Voting Rights

Upon Admission, the Company's issued share capital that is admitted to trading on AIM will consist of 299,137,095 Ordinary Shares with one voting right each. Following the expected admission on 17 June 2019 of the 10,703,018 new Ordinary Shares issued pursuant to the Company's announcement on 5 June 2019, the Company's issued share capital that is admitted to trading on AIM will consist of 305,133,306 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury.  Shareholders in the Company should use the above figures as appropriate as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries:     

Pathfinder Minerals Plc

John Taylor, Chief Executive Officer

Tel. [phone]

Strand Hanson Limited (Nominated & Financial Adviser and Broker)

James Spinney / Ritchie Balmer / Jack Botros

Tel. [phone]

Vigo Communications (Public Relations)

Ben Simons / Simon Woods

Tel. [phone]

Email. [e-mail]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

 

END

 

 

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