Anglesey Mining plc has proposed a capital reorganisation to allow further fundraises, possibly through issuing new shares, to develop its 100% owned Parys Mountain polymetal project in North Wales.
ENERGOLD
The capital reorganisation involves a consolidation and sub-division of its issued shares on a basis of ten existing shares for one new ordinary share of £0.01 and one deferred C share.
The company currently has 484,822,255 ordinary shares in issue.
Anglesey said it was currently precluded from raising funds due to prevailing price per existing ordinary share being less than the nominal value per existing ordinary share of £0.01 each.
The proposal follows Energold Minerals Inc’s investment of £350,000 in Anglesey, through the purchase of non-voting exchangeable warrants, which completed on 11 December 2025.
Energold, owned by former Anglesey chairman John Kearney, holds 22.5% of voting rights in Anglesey.
Shareholders are expected to vote on the proposed capital reorganisation at a general meeting on 12 February 2026.