Operational Update
CSS Alpha exercises 6.4m warrants for nil consideration following October resource upgrade; shares admitted 21 November.
- Warrants exercised 6,358,848
- Enlarged share capital post-admission 97,027,696 Ordinary Shares
- Lock-in period for new shares until January 2025
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The Company has received notice from CSS ALPHA FUND AIFLNP V.C.I.C. LTD ("CSS Alpha") to exercise 6,358,848 warrants for nil consideration following the recent resource upgrade reported on 17 October 2024 being a condition of their issue. The terms of the warrants were further detailed in the Company Prospectus dated 11 July 2024.
The Warrants were originally issued to CSS Alpha for providing an extension to a bridging loan in the 2024 financial year. Upon conversion, the shares are subject to a lock-in until January 2025.
Admission
The Company will seek admission of 6,358,848 new Ordinary Shares to trading on the Equity (transition) category of the Official List and the London Stock Exchange from 8.00 a.m. on 21 November 2024 ("Admission").
Total Voting Rights
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