Altona Rare Earths plc has issued one million new ordinary shares of £0.01 each following an exercise of warrants, at a price of two pence per ordinary share, for £20,000.
TVRs
Following admission, Altona’s enlarged issued share capital will comprise 430,066,112 ordinary shares, each with voting rights
The company has no shares held in treasury.
The funds will further the resource estimate and scoping study for fluorspar and gallium at the Monte Muambe rare earth elements project in northwest Mozambique.
Altona additionally owns the Sesana copper-gold project in Botswana.