Pathfinder Minerals Plc Exercise of Warrants & Issue of Fee Shares (3759E)
03 Julio 2019 - 6:00AM
UK Regulatory
TIDMPFP
RNS Number : 3759E
Pathfinder Minerals Plc
03 July 2019
3 July 2019
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Exercise of Warrants, Issue of Fee Shares
&
Total Voting Rights
Pathfinder announces that it has received notice of the exercise
of warrants to subscribe for, in aggregate, a total of 3,413,797
new ordinary shares of 0.1p each in the capital of the Company
("Ordinary Shares"). These warrants were issued as part of the
Company's fundraising announced in May 2018 and the exercise price
of these warrants was 1.5p per warrant. Accordingly, the Company
has received proceeds of approximately GBP51,207 in respect of the
exercise of the warrants.
Additionally, the Company has agreed to issue, in aggregate,
1,927,272 new Ordinary Shares to satisfy fees for certain corporate
and corporate finance services provided by non-related parties (the
"Fee Shares").
The new Ordinary Shares issued pursuant to the warrant exercise,
and the Fee Shares, will be credited as fully paid and will rank
pari passu in all respects with the existing Ordinary Shares in the
capital of the Company, including the right to receive all
dividends and other distributions declared, made or paid in respect
of such Ordinary Shares.
Application will be made for, in aggregate, 5,341,069 new
Ordinary Shares to be admitted to trading on AIM ("Admission") and
it is expected that Admission will occur on or around 9 July
2019.
Total Voting Rights
Upon Admission, the Company's issued share capital will consist
of 318,366,939 Ordinary Shares with one voting right each. The
Company does not hold any Ordinary Shares in treasury. Therefore,
the total number of Ordinary Shares and voting rights in the
Company will be 318,366,939. With effect from Admission, this
figure may be used by shareholders in the Company 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 share capital of the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Enquiries:
Pathfinder Minerals Plc
John Taylor, Chief Executive Officer
Tel. +44 (0)20 3440 7775
Strand Hanson Limited (Nominated & Financial Adviser and
Broker)
James Spinney / Ritchie Balmer / Jack Botros
Tel. +44 (0)20 7409 3494
Vigo Communications (Public Relations)
Ben Simons / Simon Woods
Tel. +44 (0)20 7390 0234
Email. pathfinderminerals@vigocomms.com
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOECKNDPKBKDQOK
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