Critical Metals PLC Exercise of Warrants and Issue of Equity (9053S)
20 March 2021 - 12:25AM
UK Regulatory
TIDMCRTM
RNS Number : 9053S
Critical Metals PLC
19 March 2021
Critical Metals plc / EPIC: CRTM / Market: Main Market / Sector:
Closed End Investments
19 March 2021
Critical Metals plc ("Critical Metals" or the "Company")
Exercise of Warrants and Issue of Equity
Critical Metals plc, a mining investment company established to
acquire mining opportunities in the critical and strategic metals
sector , is pleased to announce that it has received warrant
exercise notices to subscribe for 5,809,021 new ordinary shares of
GBP0.005 each in the Company ("Ordinary Shares") (the "Warrant
Shares").
The Warrant Shares are being issued pursuant to the exercise of
4,900,000 warrants over Ordinary Shares at an exercise price of 10
pence per Ordinary Share and 909,021 warrants over Ordinary Shares
at an exercise price of 5 pence per Ordinary Share (the "Warrant
Exercises") for total gross proceeds of GBP535,451.
Russell Fryer, CEO of Critical Metals, commented: "I am
appreciative of the fantastic support from shareholders that have
exercised their Warrants, which further strengthens the Company's
cash position in preparation of future opportunities."
Admission and Total Voting Rights
Application has been made for the 5,809,021 Warrant Shares to be
admitted to the standard segment of the Official List and to
trading on the main market for listed securities of the London
Stock Exchange, and admission of the Warrant Shares is expected to
occur on or around 24 March 2021 ("Admission"). The Warrant Shares
will rank pari passu with the existing Ordinary Shares.
For the purpose of the Disclosure and Transparency Rules,
following Admission the enlarged issued share capital of the
Company will comprise 40,109,735 Ordinary Shares. The Company does
not hold any shares in treasury. The above figure may be used by
shareholders 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 Disclosure
and Transparency Rules.
**ENDS**
For further information on the Company please visit
www.criticalmetals.co.uk or contact:
Russell Fryer Critical Metals plc Tel: +44 (0)20
7236 1177
Rory Murphy / Strand Hanson Limited Tel: +44 (0)20
James Bellman Financial Adviser 7409 3494
Lucy Williams Peterhouse Capital Limited, Tel: +44 (0)20
/ Corporate Broker 7469 0936
Heena Karani Tel: +44 (0)20
7469 0933
Catherine Leftley St Brides Partners Ltd, Tel: +44 (0)20
/ Charlotte Hollinshead Financial PR 7236 1177
About Critical Metals
Critical Metals was formed as an investment company and intends
to make equity investments into operators or near-term production
operators within the natural resources development and production
sector in the continent of Africa. It is envisaged that such
acquisition or acquisitions will trigger a reverse takeover in
accordance with the listing rules. The Company intends to search
initially for acquisition opportunities in the natural resources
sector on known deposits and more specifically minerals that are
perceived to have strategic importance to future economic growth.
Commodities such as antimony, beryllium, cobalt, copper, fluorspar,
gold, rare earth elements, tin, tungsten, titanium, and vanadium
have been identified by several governments as "critical minerals"
and so guaranteeing supplies is seen as a strategic necessity. The
Company therefore believes that the market conditions for these
minerals will remain strong in the short-to-long term.
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END
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