LONDON – Guardian Metal Resources plc (LON:GMET/OTCQB:GMTLF), a company specializing in strategic mineral exploration and development in Nevada, United States, has announced the execution of an order that will inject additional funds into the company. The exercise of the warrant will result in the issue of 233,823 new ordinary shares at a price of 17 pence per share, raising a total of £39,749.91 for Guardian Metal.
The newly issued shares, called Warrant Shares, are set to be listed on the AIM market London Stock Exchange (LON:) around Monday, January 24, 2025. These shares will carry the same rights as the company’s currently traded ordinary shares.
Following acceptance of the Warrant Shares, Guardian Metal’s total issued share capital will increase to 125,340,814 ordinary shares of 1p each. This figure will represent the total voting rights within the company, providing shareholders with a basis for calculating their percentage holdings for disclosure purposes, in accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules.
This development is part of the company’s ongoing efforts to fund its research and development activities. A warrant exercise is a common financial mechanism that allows existing warrant holders to purchase additional shares at a predetermined price, often as part of a prior financing arrangement.
Information regarding the execution of the order and the subsequent subscription of the shares is based on a public statement issued by Guardian Metal Resources plc. The company’s CEO, Oliver Friesen, and its financial advisors, Cairn Financial Advisers LLP, together with Shard Capital Partners (WA:) LLP, the lead broker, is involved in the process. Guardian Metal Resources did not disclose further details on the specific use of the funds raised through this exercise.
This article was generated with the support of artificial intelligence and reviewed by an editor. See our T&C for more information.
