Advisor Exercise of Warrants
80 Mile PLC has issued 29,435,493 ordinary shares, representing 0.59% of its current issued share capital, following the exercise of warrants by its advisors. These warrants were exercised at prices of 0.27p for 13,435,493 shares and 0.35p for 16,000,000 shares. The new shares will rank pari passu with existing shares, and admission to trading on AIM is expected around February 6, 2026. Following this, the Company's total issued share capital will be 4,996,562,696 ordinary shares.
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80 Mile PLC ("80 Mile" or the "Company"), the AIM, FSE, and OTC listed exploration and development company with projects in Greenland, Finland and Italy 80 Mile plc advises that it has issued 29,435,493 ordinary shares of 0.01p par value ("Ordinary Shares") representing 0.59% of the Company's current issued share capital, following the exercise of warrants by advisors of the Company. Details are as follows:
| Number of Warrants | Exercise Price |
|---|---|
| 13,435,493 | 0.27p |
| 16,000,000 | 0.35p |
Application has been made for the 29,435,493 Ordinary Shares, which rank pari passu with the existing Ordinary Shares in issue, to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings will occur at 8:00am UK time on or around 6 February 2026.
Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have 4,996,562,696 Ordinary Shares in issue. 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 issued share capital of the Company.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.