New Substantial Shareholder
Duquesne Family Office acquires 14.75% stake from Power Metal for £13.6m at 55p per share
- Sale price per share 55p
- Shares acquired 24,699,825
- Total consideration £13,584,904
- Stake acquired 14.75%
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Guardian Metal Resources plc (LON:GMET, OTCQX:GMTLF), a strategic tungsten development Company focused in Nevada, USA, notes today's announcement by Power Metal Resources plc ("Power Metal") regarding the agreement to sell its remaining 24,699,825 ordinary shares in Guardian Metal ("Sale Shares") for £13,584,904 representing a price of 55p per Sale Share to an investment fund managed by Duquesne Family Office LLC ("Duquesne").
Following the disposal, the new shareholder will hold a 14.75% interest in the issued share capital of the Company.
Oliver Friesen, CEO of Guardian Metal, commented:
"I am delighted to welcome Duquesne as a major new shareholder, marking a strong endorsement of Guardian's position in the U.S. critical metals landscape. With our co-flagship tungsten projects in Nevada now moving into a pivotal growth phase, we are focused on delivering significant value for both Duquesne and our broader shareholder base."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.