First Class Metals plc investor The 79th Group has reduced its holding in the company from 11.8% to zero. POLYMETAL A TR-1 notification issued today showed that the threshold was crossed on 27 March 2026. The investment group previously sold 21.7% of its holding on 20 February 2026. The 79th Group is currently in administration […]
Tag: First Class Metals plc
First Class raises £400,000
First Class Metals plc has raised £400,000 through its “multiple times” oversubscribed retail offer, exceeding its initial target. TVRs The company said it increased the retail offer, at the issue price of 1.52 pence per share, due to demand which resulted in the issue of 26,315,789 new ordinary shares. Following admission First Class’ issued share […]
First Class draws down £650,000 from CLN
First Class Metals plc has drawn down £650,000, under revised terms of its convertible loan note facility from January 2026. TVRs Of the sum, the company converted £250,000 into 16,447,368 new ordinary share at a price of 1.52 pence per share, equal to an approximate 18% discount to the mid-market closing price on 20 March 2026. […]
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. 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. […]
First Class reports visible gold at Sunbeam
First Class Metals plc reported visible gold in core taken during drilling at the 10km Roy prospect on the Sunbeam property in Ontario, Canada. GRADES The company said that all drill holes had intersected the mineralised ‘package’, while the structure has a strike of more than 250 metres, and “could extend beyond 350 metres”. The 1,000m […]
First Class issues 2m new shares
First Class Metals plc has issued 2,189,690 new ordinary shares following the conversion of the remaining loan notes, valued at £17,500, dated November 2025. TVRs The company said that the overall CLN of £500,000 now had no payments outstanding. Following admission, First Class’ issued ordinary share capital will comprise 282,523,058 ordinary shares, each with equal […]