Guardian Metal Resources plc has issued 2,094,996 shares following warrant exercises by the company directors and other warrant holders for £294,195.
DIRECTORS
The exercise follows the expiry of the 10.75p and 17p warrants, after which the remaining warrant holders are no longer considered to hold inside information.
A total of 991,276 warrants were exercised over new ordinary shares of one pence each at an exercise price of 10.75p per warrant share.
A further 1,103,720 warrants each had an exercise price of 17p.
Chief executive officer Oliver Friesen exercised two groups of 149,924 warrants at 10.75p and 17p each, and now holds 973,814 shares, equal to 0.65% of Guardian’s enlarged share capital.
Non-executive director Mark Burnett exercised two groups of 59,970 warrants at the same prices, taking his shareholding to 386,939 (0.26%).
NED Mick Billing exercised two groups of 149,925 warrants to hold 746,759 shares (0.5%).
Following admission, the company’s issued share capital will comprise 150,812,301 ordinary shares of one pence each, with voting rights.
Guardian owns tungsten, lithium, base and precious metal licences in Nevada, USA.