Exercise of Warrants

RNS Number : 8645E

Pathfinder Minerals Plc

09 July 2019

 

9 July 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 309,491 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 £4,642 in respect of the warrant exercise.

Application will be made for the new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 16 July 2019.

Total Voting Rights

Upon Admission, the Company's issued share capital will consist of 318,676,430 Ordinary Shares with one voting right each.  The Company does not hold any Ordinary Shares in treasury.  Therefore, the total number of Ordinary Shares and voting rights in the Company will be 318,676,430.  With effect from Admission, this figure may be used by shareholders in the Company 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

 

 

IOEEAPXPESSNEFF