Altona Rare Earths plc has issued 10,666,667 new ordinary shares following notices to exercise warrants over ordinary shares of £0.01 each in the company.
TVRs
A total of 10 million warrants each had an exercise price of 1.5 pence per ordinary share, while 666,667 warrants had an exercise of two pence per ordinary share, for an aggregate £163,333.
Following admission, the company’s enlarged share capital will comprise 440,732,779, each with voting rights.
Altona holds no shares held in treasury.
The proceeds will help fund the company’s fluorspar and gallium resource estimate and scoping study at Monte Muambe in Mozambique, as well as business development activities.