Finance Metals & Minerals News

First Class issues 5.3m new shares

First Class Metals plc has issued 5,311,355 new ordinary shares to convert a portion of the £1million loan note from January 2026.

Assets: exploration licences in the Schreiber-Hemlo Greenstone Belt (Pixabay)

TVRs

The portion of notes, converted on 10 March 2026, hold hold a value of £43,500.

Following admission, the company’s issued hare capital will comprise 287,834,413 ordinary shares, each with equal voting rights.

None of the shares are held in treasury.

First Class has multi-metal exploration and development licences in the Schreiber-Hemlo Greenstone Belt of Ontario in Canada.