RE: 93 million warrants tomorrow. 800,000 after that19 Aug 2025 15:21
Metals One (AIM: MET1), a minerals exploration and development company with key interests in uranium and gold projects, announces it has received notice of the exercise of Cash Warrants, issued pursuant to the Equity Fundraise announced on 31 January 2025, over a total of 93,000,000 ordinary shares in the Company (the "Warrant Shares") at 2 pence per share. This substantially completes the Cash Warrant exercises (with only 850,000 Cash Warrants outstanding) and therefore concludes the Equity Fundraise.
Additionally, the Company has issued 380,000 ordinary shares at a price of 5 pence per share to settle a deferred consideration obligation under the sale and purchase agreement dated 23 May 2023 (as amended on 26 June 2023 and 24 July 2023 and set out in the Company's Admission Document available at https://metals-one.com/investors/) pursuant to which Metals One acquired Scandinavian Resource Holdings Pty Ltd (and gained its interest in the Råna Nickel Project in Norway) (the "Consideration Shares").
No 98 million, another liar on the board.