RE: Lets see what the man himself has to say!8 Apr 2021 14:12
SirG I guess the only other option to help fund it would be if warrants are exercised but most are "out of the money" with current SP at 1.5p.
· In addition to the Financing Warrants, the Company currently has 69,066,666 warrants outstanding, including 10 million held by Power Metal Resources plc (LON: POW) exercisable at 1.25p, 5.2 million held by participants in the October 2019 fundraise exercisable at 1.50p, 17.2 million warrants held by participants in the March 2020 fundraise exercisable at 2p per warrant, and 36,666,666 warrants held by participants in the June 2020 fundraise exercisable at 3p per warrant;
· Should all 117,066,666 warrants (including Financing Warrants) be exercised, the Company would receive an additional £3,087,000 in cash inflow which would provide a significant additional cash runway for the Company;