RE: Trap resources27 Feb 2025 10:38
See outstanding options and warrants figure of 1.65 billion. Some of those warrants are priced at 0.018p
"On 22 January 2025, a broker to the Company exercised rights over 271,018,518 Ordinary shares comprised of 271,018,518 Warrants at an exercise price of 0.027p per share and at an exercise cost of £73,175.00.
Application has been made for the resulting 271,018,518 Ordinary shares issued on exercise of the Warrants to be admitted to trading on AIM ("Admission"). It is expected that Admission will occur on or around 28 January 2025. The new ordinary shares will, when admitted, rank pari passu in all respects with the existing ordinary shares.
The total number of outstanding warrants and options is now 1,648,332,365 representing 5.0 per cent of the fully diluted share capital of the Company upon exercise of all warrants and options."