Canmax entry and Prem27 Apr 2025 07:02
When this went to 1p on 5 may 2023 they had 22,583,886,961 shares in issue
still a 10 bagger here with even a bigger player glencore
From 1 may 2025 they will have 50,967,629,048 shares in issue
In addition, the Company advises that on 27 April 2023, previous board members, current and former employees also exercised a further 70,688,565 options at a price of 0.28p per ordinary share and 70,688,565 options at a price of 0.40 pence per ordinary share.
In aggregate therefore, a total of 165,877,130 new ordinary shares have been issued by Company pursuant to the exercise of the options ("New Ordinary Shares") as set out above. The total proceeds of the exercise amounts to GBP563,982.24 which will be used by the Company for general working capital purposes.
Application is being made to the London Stock Exchange for 165,877,130 New Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will become effective, and dealings will commence in the New Ordinary Shares at 8.00 a.m. on or around 5 May 2023. The New Ordinary Shares shall rank pari passu in all respects with all other Ordinary Shares then in issue.
Total Voting Rights
Following the issue of the New Ordinary Shares, the Company's issued share capital consists of 22,583,886,961 Ordinary Shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation 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 Financial Conduct Authority's Disclosure and Transparency Rules
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