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#GDH Gledhow Investments PLC – Total Voting Rights
In accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules, Gledhow has 169,684,984 Ordinary Shares of £0.01 each in issue, each carrying the right to one vote.
The Company holds no Ordinary Shares in treasury.
Accordingly, the figure of 169,684,984 Ordinary Shares may be used by shareholders as the denominator for the calculations by which they determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The directors of the issuer accept responsibility for the contents of this announcement.
For further information please contact:
Gledhow Investments plc
Guy Miller
+44 (0) 20 7220 9795
#QHE Quantum Helium – OAK Securities issues encouraging update
– QHE has completed an Extended Production Test at Sagebrush-1, confirming helium concentrations of 2.5% and strong reservoir connectivity with rapid pressure recovery
– Identifies five new drilling opportunities across its Colorado acreage, including two near-term helium targets and three larger helium and oil prospects.
– Holds a 6.4p/share valuation from RENAV
#MDH Mendell Helium PLC – Exercise of Convertible Loan Notes
Mendell Helium (LON: MDH), the helium production company with operations in Kansas, announces that it has received notice to exercise convertible loan notes (“Conversion”) over 9,799,999 new ordinary shares at an exercise price of 3 pence per share (“New Ordinary Shares”), generating cash proceeds for the Company of £280,000.
The New Ordinary Shares issued also reflect the 5% fee due on Conversion (which is itself payable through the issue of New Ordinary Shares). Following Conversion, the Company has no further convertible loan notes outstanding.
The convertible loan notes were issued in December 2025 as part of a fundraising at that time.
Admission
Application has been made for 9,799,999 New Ordinary Shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur at 8:00 a.m. on or around 28 August 2026. The New Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company’s enlarged share capital will comprise 354,836,937 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 354,836,937. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Engage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://mendellhelium.com/link/PKa6Ve
Enquiries:
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Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website
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Mendell Helium plc Nick Tulloch, CEO
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Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (Nominated Adviser) Ludovico Lazzaretti / Liam Murray
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Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson
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Tel: +44 (0) 1483 413500 |
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Fortified Securities Guy Wheatley
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Tel: +44 (0) 203 4117773
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Tel: +44 (0) 20 3973 3678 |
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AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss
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Tel: +44 (0) 207 4690930
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Brand Communications (Public & Investor Relations) Alan Green |
Tel: +44 (0) 7976 431608
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Overview of Mendell Helium
Mendell Helium is a helium producer in Kansas, USA where it operates through its wholly owned subsidiary M3 Helium.
M3 Helium’s flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 10,000 barrels of water per day at 1,200 psi. Production at Rost 1-26 commenced in early November 2025 and the most recently recorded flow rate in December 2025 was 250 Mcf per day equating to approximately $1.4 million of helium per year (at $300/Mcf helium).
M3 Helium has subsequently drilled and completed a second well, Rost 2-26, which is currently being de-watered. It also owns additional leases in the Fort Dodge area capable of supporting up to eight new production wells. It has also agreed a joint venture with Ritchie Exploration, Inc. to recomplete the Schneweis Ventures 13A, a well with a drill stem test of over 10,000 Mcf per day and a historic flow rate of 300 Mcf per day.
At the Rost wells in Fort Dodge, M3 Helium treats the raw gas on site to concentrate the helium and has leased two tube trailers which it uses for deliveries to its offtaker.
M3 Helium also has interests in five producing wells (Peyton, Smith, Nilson, Bearman and Dimmitt) within the Hugoton gas field in South-Western Kansas, one of the largest natural gas fields in North America. Significantly these wells are in the proximity of a gathering network and the Jayhawk gas processing plant meaning that producing wells are all tied into the infrastructure.
#KDNC Cadence Minerals PLC – Director Share Purchases
Director & CEO Kiran Morzaria spends £32,290 purchasing 733,867 shares and now holds 6,163,674 shares (1.4%)
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For further information, contact:
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Cadence Minerals plc |
+44 (0) 20 3582 6636 |
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Andrew Suckling |
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Kiran Morzaria |
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Zeus (NOMAD & Broker) |
+44 (0) 20 3829 5000 |
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James Joyce |
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Darshan Patel Chris Wardley |
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Fortified Securities – Joint Broker |
+44 (0) 20 3411 7773 |
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Guy Wheatley |
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Brand Communications |
+44 (0) 7976 431608 |
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Public & Investor Relations |
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Alan Green |
#MDH Mendell Helium PLC – Settlement Agreement & Issue of Equity
Mendell Helium (LON: MDH) announces that further to disclosures made in the Company’s admission document dated 11 June 2026, the Company has entered into a settlement agreement (the “Agreement”) with a former broker to the Company.
Pursuant to the terms of the Agreement, the former broker has agreed to exercise warrants over 500,000 new ordinary shares at 3 pence per share. The £15,000 warrant exercise amount will be offset against part of an outstanding obligation owed by the Company to the former broker.
Admission
Application has been made for 500,000 new ordinary shares to be admitted to trading on AIM (“Admission”). Admission is expected to occur at 8:00 a.m. on or around 31 July 2026. The new ordinary shares will rank pari passu with the existing Ordinary Shares.
Total Voting Rights
Following Admission, the Company’s enlarged share capital will comprise 341,886,938 Ordinary Shares of 1 pence each. Therefore, the total number of voting rights in the Company will be 341,886,938. This figure may be used by shareholders as the denominator for calculations by which they will determine if they are required to notify their interest in the Company, or a change to their interest in the Company, under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.
ENDS
Engage with the Mendell Helium management team directly by asking questions, watching video summaries and seeing what other shareholders have to say. Navigate to our Interactive Investor website here: https://mendellhelium.com/link/PKa6Ve
Enquiries:
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Investor questions on this announcement We encourage all investors to share questions on this announcement via our investor website
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Mendell Helium plc Nick Tulloch, CEO
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Via our website investors@mendellhelium.com |
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Cairn Financial Advisers LLP (Nominated Adviser) Ludovico Lazzaretti / Liam Murray
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Tel: +44 (0) 20 7213 0880 |
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SI Capital Limited (Broker) Nick Emerson
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Tel: +44 (0) 1483 413500 |
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Fortified Securities Guy Wheatley
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Tel: +44 (0) 203 4117773
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Tel: +44 (0) 20 3973 3678 |
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AlbR Capital Limited Gavin Burnell / Colin Rowbury / Jon Belliss
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Tel: +44 (0) 207 4690930
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Brand Communications (Public & Investor Relations) Alan Green |
Tel: +44 (0) 7976 431608
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Overview of Mendell Helium
Mendell Helium is a helium producer in Kansas, USA where it operates through its wholly owned subsidiary M3 Helium.
M3 Helium’s flagship well, Rost 1-26, is in Fort Dodge, just to the east of Dodge City, Kansas. It has been tested as containing 5.1% helium composition and a drill stem test yielded a maximum flow rate of approximately 2,900 Mcf per day. Water removed from Rost 1-26 is delivered to Brobee, a nearby disposal well that has been permitted at 10,000 barrels of water per day at 1,200 psi. Production at Rost 1-26 commenced in early November 2025 and the most recently recorded flow rate in December 2025 was 250 Mcf per day equating to approximately $1.4 million of helium per year (at $300/Mcf helium).
M3 Helium has subsequently drilled a second well, Rost 2-26, which is currently being completed. It also owns additional leases in the Fort Dodge area capable of supporting up to eight new production wells. It has also agreed a joint venture with Ritchie Exploration, Inc. to recomplete the Schneweis Ventures 13A, a well with a drill stem test of over 10,000 Mcf per day and a historic flow rate of 300 Mcf per day.
At the Rost wells in Fort Dodge, M3 Helium treats the raw gas on site to concentrate the helium and has leased two tube trailers which it uses for deliveries to its offtaker.
M3 Helium also has interests in five producing wells (Peyton, Smith, Nilson, Bearman and Dimmitt) within the Hugoton gas field in South-Western Kansas, one of the largest natural gas fields in North America. Significantly these wells are in the proximity of a gathering network and the Jayhawk gas processing plant meaning that producing wells are all tied into the infrastructure.
#GRX GreenX Metals LTD – Results of Meeting
GreenX Metals Limited (GreenX or the Company) advises that a General Meeting of Shareholders was held today, 14 July 2026, at 10:00am (AWST).
The resolutions voted on were in accordance with the Notice of General Meeting previously advised to shareholders.
All resolutions were decided on and carried by way of a poll.
The details of the poll and the proxies received in respect of each resolution are set out below.
Following shareholder approval, the Company advises that it has issued 2,100,000 unlisted options exercisable at A$1.50 each on or before 31 May 2031.
Following the issue of unlisted options, GreenX has the following securities on issue:
· 311,328,979 ordinary fully paid shares;
· 11,000,000 performance rights that have an expiry date 8 October 2026;
· 4,025,000 unlisted options exercisable at A$0.55 each on or before 30 November 2026;
· 7,600,000 unlisted options exercisable at A$1.05 each on or before 31 May 2029;
· 7,600,000 unlisted options exercisable at A$1.20 each on or before 31 May 2030; and
· 7,700,000 unlisted options exercisable at A$1.50 each on or before 31 May 2031.
A Change of Directors’ Interest Notice is also included below.
For further information please contact:
+44 207 478 3900
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Resolution |
Number of Proxy Votes |
Number of Votes cast on the Poll |
Result |
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For |
Against |
Abstain |
Proxy’s Discretion |
For |
Against |
Abstain |
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1. Issue of Incentive Options to Mr Benjamin Stoikovich |
17,274,665 |
22,000 |
– |
– |
17,399,665 |
22,000 |
– |
Carried on vote by poll |
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2. Issue of Incentive Options to Mr Mark Pearce |
14,331,552 |
22,000 |
2,943,113 |
– |
14,456,552 |
22,000 |
2,943,113 |
Carried on vote by poll |
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
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Name of entity GreenX Metals Limited |
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ABN 23 008 677 852 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Benjamin Stoikovich |
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Date of last notice |
2 December 2025 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
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Direct or indirect interest |
Direct and Indirect |
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Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
Selwyn Capital Limited (beneficial interest) |
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Date of change |
14 July 2026 |
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No. of securities held prior to change |
a) 2,047,995 b) 1,500,000 c) 1,200,000 d) 1,200,000 e) – |
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Class |
a) Fully paid ordinary shares b) Unlisted incentive options exercisable at A$0.55 each on or before 30 November 2026 c) Unlisted incentive options exercisable at A$1.05 each on or before 31 May 2029 d) Unlisted incentive options exercisable at A$1.20 each on or before 31 May 2030 e) Unlisted incentive options exercisable at A$1.50 each on or before 31 May 2031 |
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Number acquired |
e) 1,500,000 |
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Number disposed |
Nil |
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
Nil – issue of unlisted incentive options following shareholder approval
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No. of securities held after change |
a) 2,047,995 b) 1,500,000 c) 1,200,000 d) 1,200,000 e) 1,500,000
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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Issue of unlisted incentive options following shareholder approval |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
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Detail of contract |
Not applicable |
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Nature of interest |
Not applicable |
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Name of registered holder (if issued securities) |
Not applicable |
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Date of change |
Not applicable |
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No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
Not applicable |
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Interest acquired |
Not applicable |
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Interest disposed |
Not applicable |
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Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
Not applicable |
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Interest after change |
Not applicable |
Part 3 – +Closed period
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Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
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If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
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If prior written clearance was provided, on what date was this provided? |
Not applicable |
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Initial notification/Amendment |
Initial |
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LEI |
213800EHCGNYSCN9T108 |
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Place of transaction |
Outside a trading venue |
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
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Name of entity GreenX Metals Limited |
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ABN 23 008 677 852 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Mark Pearce |
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Date of last notice |
26 June 2026 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
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Direct or indirect interest |
Direct and Indirect |
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Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
NMLP Family Trust (beneficial interest)Crystal Brook Investments Pty Ltd (beneficial interest) |
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Date of change |
14 July 2026 |
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No. of securities held prior to change
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a) 2,943,113 b) 600,000 c) 600,000 d) – |
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Class |
a) Fully paid ordinary shares b) Unlisted incentive options exercisable at A$1.05 each on or before 31 May 2029 c) Unlisted incentive options exercisable at A$1.20 each on or before 31 May 2030 d) Unlisted incentive options exercisable at A$1.50 each on or before 31 May 2031
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Number acquired |
d) 600,000
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Number disposed |
Nil |
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
Nil – issue of unlisted incentive options following shareholder approval |
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No. of securities held after change |
a) 2,943,113 b) 600,000 c) 600,000 d) 600,000 |
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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Issue of unlisted incentive options following shareholder approval |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
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Detail of contract |
Not applicable |
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Nature of interest |
Not applicable |
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Name of registered holder (if issued securities) |
Not applicable |
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Date of change |
Not applicable |
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No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
Not applicable |
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Interest acquired |
Not applicable |
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Interest disposed |
Not applicable |
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Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
Not applicable |
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Interest after change |
Not applicable |
Part 3 – +Closed period
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Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
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If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
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If prior written clearance was provided, on what date was this provided? |
Not applicable |
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Initial notification/Amendment |
Initial |
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LEI |
213800EHCGNYSCN9T108 |
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Place of transaction |
Outside a trading venue |
#GRX GreenX Metals Limited – Issue of Shares on Exercise of Options
GreenX Metals Limited (GreenX or Company) advises that it has issued 643,572 ordinary fully paid shares (Shares) on the exercise of 1,500,000 unlisted options pursuant to a cashless exercise facility.
An application for the admission of the Shares to the Equity shares (international commercial companies secondary listing) listing segment of the Official List of the FCA (Official List) and to trading on the main market of the London Stock Exchange for listed securities (LSE Admission) will be submitted in due course.
For the purposes of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules (DTRs), following LSE Admission, the Company’s issued ordinary share capital will be 311,972,551 ordinary shares. The above figure of 311,972,551 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company following LSE Admission.
Following the issue of Shares and unlisted options, GreenX has the following securities on issue:
· 311,972,551 ordinary fully paid shares;
· 11,000,000 performance rights that have an expiry date 8 October 2026;
· 4,025,000 unlisted options exercisable at A$0.55 each on or before 30 November 2026;
· 7,600,000 unlisted options exercisable at A$1.05 each on or before 31 May 2029;
· 7,600,000 unlisted options exercisable at A$1.20 each on or before 31 May 2030; and
· 5,600,000 unlisted options exercisable at A$1.50 each on or before 31 May 2031.
A Change of Directors Interest Notice is provided below in relation to the exercise of options.
Enquiries:
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GreenX Metals Limited |
Tel: +61 8 9322 6322 |
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Dylan Browne, Company Secretary |
Email: info@greenxmetals.com |
Change of Director’s Interest Notice
Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11
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Name of entity GreenX Metals Limited |
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ABN 23 008 677 852 |
We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.
Name of Director |
Mark Pearce |
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Date of last notice |
2 December 2025 |
Part 1 – Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust
Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.
|
Direct or indirect interest |
Direct and Indirect |
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Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. |
NMLP Family Trust (beneficial interest)Crystal Brook Investments Pty Ltd (beneficial interest) |
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Date of change |
26 June 2026 |
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No. of securities held prior to change
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a) 2,728,589 b) 500,000 c) 600,000 d) 600,000 |
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Class |
a) Fully paid ordinary shares b) Unlisted incentive options exercisable at A$0.55 each on or before 30 November 2026 c) Unlisted incentive options exercisable at A$1.05 each on or before 31 May 2029 d) Unlisted incentive options exercisable at A$1.20 each on or before 31 May 2030 |
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Number acquired |
a) 214,524 |
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Number disposed |
b) (500,000)
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Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation |
Issue of 214,524 ordinary shares following the exercise of 500,000 unlisted options pursuant to a cashless exercise facility |
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No. of securities held after change |
a) 2,728,589 b) – c) 600,000 d) 600,000 |
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Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back |
Issue of ordinary shares following the exercise of unlisted options pursuant to a cashless exercise facility |
Part 2 – Change of director’s interests in contracts
Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.
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Detail of contract |
Not applicable |
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Nature of interest |
Not applicable |
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Name of registered holder (if issued securities) |
Not applicable |
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Date of change |
Not applicable |
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No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed |
Not applicable |
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Interest acquired |
Not applicable |
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Interest disposed |
Not applicable |
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Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation |
Not applicable |
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Interest after change |
Not applicable |
Part 3 – +Closed period
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Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? |
No |
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If so, was prior written clearance provided to allow the trade to proceed during this period? |
Not applicable |
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If prior written clearance was provided, on what date was this provided? |
Not applicable |
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Initial notification/Amendment |
Initial |
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LEI |
213800EHCGNYSCN9T108 |
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Place of transaction |
Australian Securities Exchange (ASX) |
#GRX GreenX Metals Limited – Issue of Unlisted Options
GreenX Metals Limited (GreenX or Company) advises that it has issued 900,000 unlisted options exercisable at A$1.05 each on or before 31 May 2029, 900,000 unlisted options exercisable at A$1.20 each on or before 31 May 2030 and 5,600,000 unlisted options exercisable at A$1.50 each on or before 31 May 2031.
The Company also advises that it has cancelled 400,000 unlisted options exercisable at A$1.05 each on or before 31 May 2029 and 400,000 unlisted options exercisable at A$1.20 each on or before 31 May 2030, following the cessation of employment by the relevant holder.
Following the issue and cancellation of unlisted options, GreenX has the following securities on issue:
· 311,328,979 ordinary fully paid shares;
· 11,000,000 performance rights that have an expiry date 8 October 2026;
· 5,525,000 unlisted options exercisable at A$0.55 each on or before 30 November 2026;
· 7,600,000 unlisted options exercisable at A$1.05 each on or before 31 May 2029;
· 7,600,000 unlisted options exercisable at A$1.20 each on or before 31 May 2030; and
· 5,600,000 unlisted options exercisable at A$1.50 each on or before 31 May 2031.
Enquiries:
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GreenX Metals Limited |
Tel: +61 8 9322 6322 |
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Dylan Browne, Company Secretary |
Email: info@greenxmetals.com |
#SVML Sovereign Metals LTD – Change of Director’s Interest Notice
Julian Stephens sold 1m shares for A$675,000 and now holds 13,157,518 shares
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Enquiries |
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Frank Eagar, Managing Director & CEO South Africa / Malawi +27 21 140 3190 Sapan Ghai, CCO London +44 207 478 3900 |
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Nominated Adviser on AIM and Joint Broker |
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SP Angel Corporate Finance LLP |
+44 20 3470 0470 |
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Ewan Leggat Charlie Bouverat |
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Joint Broker |
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Stifel |
+44 20 7710 7600 |
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Varun Talwar |
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Ashton Clanfield |
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Link here to view the full announcement
#URU URU Metals Limited – Extension of Convertible Loan Maturity Date
URU announces that the repayment date for the convertible loan from Boothbay Absolute Return Strategies LP (“Boothbay”) has been extended to 30 September 2026 (“Maturity Date”) and Boothbay has also agreed that it will not convert sums due under the convertible loan note into ordinary shares of the Company (“Ordinary Shares”) prior to 30 September 2026.
Details regarding the convertible loan note were announced by the Company on 6 May 2020, and the maturity date for the note has been extended on a number of occasions since this date by agreement of the parties. As of today, the total amount advanced by Boothbay Absolute Return Strategies LP to the Company was US$500,000.
Unless repaid by the Company, amounts due to Boothbay under the convertible loan note shall convert at or prior to the Maturity Date:
(i) at a price that is a 35 per cent. discount to the Volume Weighted Average Price (“VWAP”) per share in the 5 trading days prior to the noteholder serving a conversion notice;
(ii) on completion of an equity fundraising by the Company, at a price that is a 35 per cent. discount to the price per share paid by investors on such equity fundraising;
(iii) on a share sale (meaning a sale of Ordinary Shares giving control of the Company, whether for cash and/or by way of exchange for shares in another company and/or for other consideration, and whether or not control of the Company changes as a result of such transaction), a 35 per cent. discount to the price per share paid on such a share sale; or
(iv) if there is no conversion notice served, equity fundraising or share sale prior to the Maturity Date, at a 35 percent. discount to the VWAP per share in the 5 trading days prior to the maturity date.
In the event that Boothbay is issued with any new Ordinary Shares pursuant to a conversion of the loan note, it will be issued with one warrant attaching to each new Ordinary Share issued, with an exercise period of 18 months from the date of grant and exercisable at £0.85 per new Ordinary Share.
Market Abuse Regulation (MAR) Disclosure
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”), and is disclosed in accordance with the Company’s obligations under Article 17 of MAR.
For further information, please contact:
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URU Metals Limited John Zorbas (Chief Executive Officer)
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+1 416 504 3978
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SP Angel Corporate Finance LLP (Nominated Adviser and Broker) Ewan Leggat / Caroline Rowe / Devik Mehta |
+ 44 (0) 203 470 0470 |