Altona Rare Earths plc has issued an aggregate 4,358,334 new ordinary shares of £0.01 each, following warrant exercises and to settle service provider fees.
TVRs
The warrant exercise for 3,733,334 new ordinary shares was at a price of two pence per ordinary share, for £74,666.
The money will fund the company’s resource estimate and scoping study for fluorspar and gallium at Monte Muambe in Tete Province, northwest Mozambique.
The issue of 625,000 new ordinary shares was in lieu of cash of outstanding fees of £15,000.
Following admission, Altona’s enlarged share capital and total voting rights will number 383,240,635.
The company has no shares held in treasury.