Metals Exploration plc has issued a total of 250,611,582 new ordinary shares following notices to exercise options and warrants of £0.0001 each in the company. TVRs The exercise notices include options over 229,600,000 new ordinary shares at an exercise price equal to nominal value under Metals’ long term incentive plan (LTIP), after all performance conditions […]
Tag: Condor Gold plc
Metals to begin geotechnical drilling at La India
Metals Exploration plc has mobilised a drill rig to start geotechnical and exploration programmes at the La India gold project in Nicaragua. CVRs The company said that geotechnical drill holes would advance mine development studies before exploration drilling tests resource extensions north of the current proposed open pit. The rig arrived on site on 23 […]
Metals issues 94m shares for £5.6m loan facility
Metals Exploration plc has issued 94,127,854 ordinary shares each of £0.0001 held in treasury to satisfy the outstanding £5,647,671.23 unsecured bridging term loan facility, plus interest, with Drachs Investments No3 Ltd. DEBT-FREE The issue price of £0.06 per ordinary share, represents a premium of 9.1% to the middle-market close price on 6 March 2025. Drachs […]
Metals issues 318m incentive options
Metals Explorations plc has issued 318 million options under its long term incentive programme to certain directors and senior management. TVR Approval to authorise the directors to issue up to 15% of the company’s issued capital as options was granted at a general meeting in August 2024. Options to subscribe for 221.5m ordinary shares are […]
Metals extends £5.5m bridging term loan
Metals Exploration plc has extended the term of its £5.5 million unsecured bridging term loan facility with Drachs Investments No 3 Ltd to 31 March 2025. The company agreed the December 2024 loan in connection with its acquisition of Condor Gold plc. Drachs holds 12.4% of Metals’ issued share capital.
Metals announces TVR following acquisition
Metals Exploration plc has announced its total voting rights and interests held by significant shareholders following its acquisition of Condor Gold plc. INVESTORS The company has 2,951,875,559 shares in issue, of which 393,513,312 ordinary shares are held in treasury. The total number of voting rights is therefore 2,558,362,247. Nick Candy has 651 million shares, representing […]