Exercise of Warrants and Total Voting Rights
80 Mile PLC announced the issuance of 8,000,000 new ordinary shares at 0.35 pence per share, generating a total consideration of £28,000, following the exercise of 8,000,000 warrants. These warrant shares will rank equally with the company's existing shares, with admission to trading on AIM expected around October 20, 2025. Following admission, the company's issued and outstanding share capital will consist of 4,337,127,203 ordinary shares. The company also has 346,935,493 warrants and options outstanding.
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80 Mile PLC ("80 Mile" or the "Company"), the AIM, FSE, and OTC listed exploration and development company with mineral and energy projects in Greenland and a biofuels plant in Italy, advises that the Company has issued a total of 8,000,000 new ordinary shares of £0.0001 each at a price of 0.35 pence per share ("Ordinary Shares") for a total consideration of £28,000 following an exercise of 8,000,000 warrants ("Warrant Shares").
The Warrant Shares will rank pari passu with the Company's existing shares and application has been made for the Warrant Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Warrant Shares will commence at 8:00 am on or around 20 October 2025.
In accordance with the Disclosure Guidance and Transparency Rules, the Company hereby notifies the market that immediately following Admission, its issued and outstanding share capital will consist of 4,337,127,203 Ordinary Shares. Shareholders may use this figure 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 Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
The Company has 346,935,493 warrants and options outstanding.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.