First Class Metals plc has issued 3,711,401 new ordinary shares to convert a £50,000 portion of loan notes issued on 12 November 2025.
TVRs
Following admission, the company’s issued share capital will consist of 237,644,221 ordinary shares of 0.1p each, with voting rights.
First Class does not hold any shares in treasury.
The company holds multi-metal exploration and development licences in the Schreiber-Hemlo greenstone belt in Ontario, Canada, where it has now completed inaugural drilling on the North Hemlo property.
Ten diamond drill holes over 3km strike along the Dead Otter trend tested “multiple priority targets”.
First Class has sent more than 300 core samples for assay to date.