RE: Advfn13 Mar 2026 15:06
Warrants
Altona (LSE: REE), a resource exploration and development company focused on critical raw materials in Africa, is pleased to announce an exercise of warrants over ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares").
Exercise of Warrants
The Company is pleased to announce that it has received Notices of Exercise from existing shareholders in respect of 1,000,000 warrants at an exercise price of 2.0 pence per Ordinary Share ("2p Warrants").
Accordingly, a further 1,000,000 new Ordinary Shares will be issued pursuant to these exercises.
This exercise of the 2p Warrants brings in further cash funds of £20,000, which will be used to fund the fluorspar and gallium resource estimate and scoping study.