Power Metal - Issue of Equity
Issue of Shares in Payment of Fees
The fees payable amount to a cash value
The services provided relate to business administration and marketing support, including various services provided in the rebranding of the organisation to Power Metal Resources and the steps taken to increase communications to raise awareness of the POW value proposition.
Business administration includes support provided to the management team in the transition from
Marketing support includes new website development, creation of marketing materials including a new corporate presentation, social media management and development of a marketing and communications plan to underpin future POW communications.
POW is at the beginning what I believe will be an exciting journey for investors. Market conditions generally are not exciting in the junior mining sector, and this is why I am determined to see that POW stands apart.
Despite turbulent global markets, POW has remained active with four ongoing project interests each of which is targeting a large-scale metal discovery. The recent rise in the price of nickel, a commodity which the Company is targeting, is particularly encouraging.
I anticipate a regular flow of news during the coming weeks and months as POW articulates key project development steps and as we move toward our primary strategic objective."
ADMISSION OF SHARES AND TOTAL VOTING RIGHTS
Application will be made for the admission to trading of the Fee Shares which is expected to occur on or around
The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations.
For further information please visit https://www.powermetalresources.com/ or contact:
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+44 (0) 7766 465 617
SP Angel Corporate Finance (Nomad and Joint Broker)
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+44 (0) 20 3470 0470
Notes to Editors:
This information is provided by RNS, the news service of the
Quick facts: Power Metal Resources
Market Cap: £2.24 m
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