Advisor Exercise of Warrants
80 Mile Plc has issued 10,000,000 new ordinary shares following the exercise of warrants by a former advisor at an exercise price of £0.0027 per share. These new shares, which rank pari passu with existing shares, are expected to be admitted to trading on AIM on or around October 1, 2026. Following this admission, the company's total issued ordinary shares will be 5,598,657,935.
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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 advises that it has issued 10,000,000 new ordinary shares of 0.01p par value (“Ordinary Shares”), following the exercise of 10,000,000 warrants by a former advisor of the Company. Further details as follows:
| Number of Warrants | Exercise Price |
|---|---|
| 10,000,000 | £0.0027 |
Application has been made for the 10,000,000 new 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 1 October 2026.
Following Admission and for the purposes of the Disclosure Guidance and Transparency Rules, the Company will have 5,598,657,935 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.