Exercise Of Warrants
Mkango Resources Limited has announced the exercise of 550,000 warrants at seven pence per share, resulting in the issuance of 550,000 new common shares. Following this issuance, the company's total issued and outstanding share capital will be 387,803,618 shares. These new shares are expected to be admitted to trading on AIM around July 27, 2026, and will also be listed on the TSX-V.
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: 22 July 2026 - Mkango Resources Ltd. (AIM/TSX-V: MKA) ("Mkango" or "Company") announces that it has received an exercise notice from a Mkango warrant holder to exercise 550,000 warrants over common shares in the Company, at a price of seven (7) pence per common share. Accordingly, the Company will issue 550,000 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 27 July 2026. 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 387,803,618 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 currently owns 100% of the advanced stage Songwe Hill rare earths project in Malawi and the proposed Puławy rare earths separation plant in Poland. Both the Songwe and Puławy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Songwe has also received Development Funding from the U.S. International Development Finance Corporation (DFC), the U.S. Government's development finance institution, securing US$4.6 million in reimbursable funding for Front End Engineering and Design. Mkango signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Puławy rare earths projects on NASDAQ via a SPAC merger under the name Mkango Rare Earths Limited (the "Proposed Business Combination").
For more information, please visit www.mkango.ca.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.