Exercise of Options and Issue of Equity

RNS Number : 5263O

Great Western Mining Corp. plc

09 February 2021

 

GREAT WESTERN MINING CORPORATION PLC

("Great Western" or the "Company")

EXERCISE OF OPTIONS

AND ISSUE OF EQUITY

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing multiple early-stage gold, silver and copper targets in Nevada, announces that it has received a notice of exercise of options over 6,000,000 new ordinary shares of €0.0001 each in the share capital of the Company at a price of 0.09 pence per share ("the Option Shares").  The options were granted on 22 April 2020.  The Company will issue the Option Shares with gross proceeds amounting to £5,400.

Settlement and Dealing

Application will be made to the AIM Market of the London Stock Exchange ("AIM") and Euronext Growth for a total of 6,000,000 ordinary shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM and Euronext Growth are expected to commence on or around 15 February 2021 ("Admission").

Total Voting Rights

In conformity with Regulation 20 of the Transparency (Directive 2004/109/EC) Regulations 2007, Great Western advises that the total number of ordinary shares of €0.0001 each in issue (with voting rights) will be 3,122,964,550 following the issue of the Option Shares. The Company does not hold any ordinary shares in treasury.

This figure may be used by shareholders 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 Great Western under the Transparency (Directive 2004/109/EC) Regulations 2007 and the Transparency Rules.

For further information:
Great Western Mining Corporation PLC Brian Hall, Chairman Max Williams, Finance Director	[phone] [phone]
Davy (Nomad, Euronext Growth Adviser & Joint Broker) John Frain	[phone]
Novum Securities (Joint Broker) Jon Belliss	[phone]
ETX Capital (Joint Broker) Thomas Smith	[phone]
Walbrook PR Nick Rome	[phone]

 

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