LONDON - Guardian Metal Resources plc (LON:GMET/OTCQB:GMTLF) today announced a correction to its previous statement regarding the exercise of warrants. The company clarified that due to a technical error, the admission of 100,000 new shares on the AIM market, previously expected on January 6, 2025, has been postponed. The new expected admission date is on or around January 14, 2025.
The delay pertains to the "Warrant Shares" that were supposed to be admitted to trading following the exercise of warrants announced on December 27, 2024. These shares will rank equally with the ordinary shares currently traded on AIM once admitted.
Guardian Metal also stated that after the admission of these Warrant Shares and the 2,500,000 shares issued as part of a placing announced on January 6, 2025, the total issued share capital of the company will consist of 125,006,991 ordinary shares. This figure will represent the total voting rights in the company. Shareholders can use this number as the denominator for calculations needed to determine whether they must notify their interest in, or a change to their interest in, the company under the Financial Conduct Authority's Disclosure and Transparency Rules.
This update follows the company's recent activities and is intended to keep shareholders informed of the latest developments regarding the company's share capital. The admission process is overseen by the company's nominated adviser, Cairn Financial Advisers LLP, and its lead broker, Shard Capital Partners (WA:CPAP) LLP.
The information provided in this article is based on a press release statement and is intended for informational purposes only.
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