Altona Rare Earths plc has issued, in aggregate, 32 million shares following notices to exercise warrants for £450,000, and to convert interest on an outstanding debt.
TVRs
The company received six exercise notices of 30m warrants over shares, at a price of 1.5 pence per ordinary share.
A remaining lender elected to convert interest of £20,000 debt into ordinary shares, resulting in the issue of two million new ordinary shares, at a price of one penny per interest share.
Following admission, Altona’s enlarged share capital will comprise 358,682,302 ordinary shares, each with one voting right.
The company has no shares held in treasury.
Proceeds will fund the fluorspar and gallium resource estimate and scoping study at Monte Muambe in Mozambique.