Advisor Exercise of Warrants
80 Mile PLC has issued 10,000,000 ordinary shares following the exercise of warrants by its advisors at an exercise price of 0.27p per share. These new shares represent 0.2% of the Company's current issued share capital and will be admitted to trading on AIM around February 10, 2026, ranking pari passu with existing shares. Following this admission, the Company will have 5,006,562,696 ordinary shares in issue.
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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 10,000,000 ordinary shares of 0.01p par value ("Ordinary Shares") representing 0.2% 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 |
|---|---|
| 10,000,000 | 0.27p |
Application has been made for the 10,000,000 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 10 February 2026.
Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have 5,006,562,696 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.