Exercise Of Warrants
Mkango Resources Ltd announced the exercise of 1,200,000 warrants over common shares at a price of five pence per share. The company will issue 1,200,000 common shares to satisfy this exercise, which will rank equally with existing shares. Application has been made for these shares to be admitted to trading on AIM, expected to commence around October 22, 2025, and will also be listed on the TSX-V. Following admission, the company's issued and outstanding share capital will consist of 347,192,907 shares. The company does not hold any shares in treasury.
Select text to share a quote on X · sign in to keep highlights & notes in your MKA notes
Suite 2900
Vancouver
BC V6C 0A3
Canada
EXERCISE OF WARRANTS
London / Vancouver: 17 October 2025 - Mkango Resources Ltd (AIM / TSX-V:MKA) (the "Company" or "Mkango"), announces that it has received an exercise notice from a Mkango warrant holder to exercise 1,200,000 warrants over common shares in the Company, at a price of five (5) pence per common share. Accordingly, the Company will issue 1,200,000 common shares ("Warrant Shares") to satisfy this exercise.
The Warrant Shares will rank pari passu with the Company's existing shares and application has been made for the Warrant Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Warrant Shares will commence at 8:00 am on or around 22 October 2025. The Warrant Shares will also be listed for trading on the TSX-V.
In accordance with the Disclosure Guidance and Transparency Rules (DTR 5.6.1R) the Company hereby notifies the market that immediately following Admission, its issued and outstanding share capital will consist of 347,192,907 shares. The Company does not hold any shares in treasury. 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 Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
About Mkango Resources Ltd.
Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a BCA with CPTK to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.