Home » Power Metal Resources (POW) » Power Metal Resources #POW – Exercise of Options

Power Metal Resources #POW – Exercise of Options

Power Metal Resources plc (LON:POW) the London AIM listed company which finances and manages global resource exploration projects announces that it has received a notice to exercise options by a former director over 2,500,000 new ordinary shares of 0.1 pence each in the Company (“Option Shares”) at an exercise price of 1.0 pence per new ordinary share raising an additional £25,000 for the Company. 


Application will be made for the 2,500,000 Option Shares to be admitted to trading on AIM which is expected to occur on or around 10 February 2022 (“Admission”). The Option Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company’s issued share capital will comprise 1,450,839,986 ordinary shares of 0.1p each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can 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.

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