Metals & Minerals News

Metals issues 8m new shares

Metals Exploration plc has issued in aggregate 8,108,835 new ordinary shares of £0.0001 each by way of options and warrants exercises, for a total £487,806.

Gold: exploration and production in the Philippines and Nicaragua (Pixabay)

TVRs

A total of 1,161,555 warrants with an exercise price of £0.0605 each, raised £70,274 and options over 6,947,280 ordinary shares, with an average option price of £0.0602 each, for £417,532.

Following admission, Metals will have 3,225,393,023 ordinary shares in issue, of which 299,385,458 ordinary shares are held in treasury.

The total number of voting rights is therefore 2,926,007,565.

The company holds gold exploration, development and productions assets in the Philippines and Nicaragua.