13:00 Wed 03 Jul 2019
Pathfinder Minerals - Exercise of Warrants & Issue of Fee Shares
("Pathfinder" or the "Company")
Exercise of Warrants, Issue of Fee Shares
&
Total Voting Rights
Pathfinder announces that it has received notice of the exercise of warrants to subscribe for, in aggregate, a total of 3,413,797 new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"). These warrants were issued as part of the Company's fundraising announced in
Additionally, the Company has agreed to issue, in aggregate, 1,927,272 new Ordinary Shares to satisfy fees for certain corporate and corporate finance services provided by non-related parties (the "
The new Ordinary Shares issued pursuant to the warrant exercise, and the Fee Shares, will be credited as fully paid and will rank pari passu in all respects with the existing Ordinary Shares in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid in respect of such Ordinary Shares.
Application will be made for, in aggregate, 5,341,069 new Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around
Total Voting Rights
Upon Admission, the Company's issued share capital will consist of 318,366,939 Ordinary Shares with one voting right each. The Company does not hold any Ordinary Shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 318,366,939. With effect from Admission, this figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the
Enquiries:
John Taylor, Chief Executive Officer
Tel. +44 (0)20 3440 7775
James Spinney / Ritchie Balmer / Jack Botros
Tel. +44 (0)20 7409 3494
Ben Simons / Simon Woods
Tel. +44 (0)20 7390 0234
Email. pathfinderminerals@vigocomms.com
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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