Warrants25 Jul 2019 11:37
if warrants are converted like the recent conversion below those are only converted as soon as they are paid for resulting in new shares being issued. We know there are 190 million options and warrants if they were converted at the same time say at 2.8p that would mean £5.3 million conversion price funds raised by ARCM not a tiny sum but against the MCAP today of £32 million fairly small HOWEVER the negatives are there would be 190 million new shares created. For them to find BUYERS there needs to be a major discovery here.
18 July 2019
Arc Minerals Ltd
('Arc' or the 'Company')
Exercise of Warrants & Issue of Equity
Arc Minerals announces that it has received notification from a warrant holder to exercise warrants over a total of 1,671,144 New Ordinary Shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of 2.8 pence per share. Accordingly, the Company has today issued the New Ordinary Shares to the warrant holder for an aggregate cash value of £46,792.03.
Application has been made for the New Ordinary shares to be admitted to trading on the AIM market of the London Stock Exchange ('Admission'). Admission is expected to occur on or around 24 July 2019.