Guardian Metal warrants exercise, to raise £39,749 By Investing.com
LONDON – Guardian Metal Resources Pvt. The exercise of the warrants will raise 233,823 new ordinary shares at 17 pence each to Guardian Metals for a total of £39,749.91.
The newly issued shares, warrant shares, are set to trade on the AIM market. London Stock Exchange (Lon:) Around Monday, January 24, 2025. These shares carry the same rights as the Company’s ordinary shares that are currently traded.
Following the acceptance of the warrant shares, Guardian Metals’ total issued share capital will increase to 125,340,814 ordinary shares of 1p each. This figure represents the total voting rights in the company as a basis for calculating the shareholders’ percentage holdings for disclosure purposes under the Financial Conduct Authority’s disclosure and transparency rules.
This development is part of the company’s efforts to fund its ongoing exploration and development activities. A warrant exercise is a common financing mechanism that allows existing warrant holders to purchase additional shares at a specified price, often as part of a prior financing arrangement.
Information regarding the exercise of warrants and the subsequent admission of shares is provided by Guardian Metal Resources Pvt. The company’s CEO, Oliver Friesen, and its financial advisors, Keir Financial Advisors LLP, with Shard Capital partners (WA:) LLP, the lead broker, participated in the process. Guardian Metal Resources did not disclose further details on the specific use of funds raised from this exercise.
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