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Pin to quick picksCornish Metals. Regulatory News (CUSN)

Share Price Information for Cornish Metals. (CUSN)

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EXERCISE OF STOCK OPTIONS AND ISSUE OF EQUITY

21 Dec 2021 09:49

RNS Number : 3419W
Cornish Metals Inc.
21 December 2021
 

 

CORNISH METALS ANNOUNCES EXERCISE OF STOCK OPTIONS AND ISSUE OF EQUITY

 

December 21, 2021

Cornish Metals Inc. (TSX-V/AIM: CUSN) ("Cornish Metals" or the "Company"), a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, announces the exercise of stock options for 100,000 common shares without par value at a price of 20 cents per common share and the exercise of stock options for 250,000 common shares without par value at a price of 15 cents per common share in the share capital of the Company (together, "New Shares") for an aggregate consideration of C$57,500 (£33,700).

The New Shares will rank pari passu with the existing shares and application has been made for the 350,000 New Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the New Shares will commence at 8:00am on or around December 29, 2021. The New Shares will also trade on the TSX Venture Exchange.

Following Admission, Cornish Metals' Issued and Outstanding share capital will consist of 283,870,157 shares. The Company does not hold any shares in treasury. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.

 

ABOUT CORNISH METALS

Cornish Metals completed the acquisition of the South Crofty tin and United Downs copper / tin projects, plus additional mineral rights located in Cornwall, UK, in July 2016 (see Company news release dated July 12, 2016). The additional mineral rights cover an area of approximately 15,000 hectares and are distributed throughout Cornwall. Some of these mineral rights cover old mines that were historically worked for copper, tin, zinc, and tungsten.

For additional information please contact:

In North America:

Irene Dorsman at (604) 200 6664 or by e-mail at irene@cornishmetals.com 

 

 

SP Angel Corporate Finance LLP

(Nominated Adviser & Joint Broker)

Tel:

+44 203 470 0470

Richard Morrison

 

Charlie Bouverat

 

Grant Barker

 

 

Hannam & Partners

(Joint Broker)

Tel:

 

+44 207 907 8500

 

Matthew Hasson

 

Andrew Chubb

 

Ernest Bell

 

Blytheweigh

(Financial PR/IR-London)

Tel:

+44 207 138 3204

 

Tim Blythe

tim.blythe@blytheweigh.com

Megan Ray

megan.ray@blytheweigh.com

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

"Richard D. Williams"

Richard D. Williams, P.Geo

 

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Caution regarding forward looking statements

 

This news release contains "forward-looking statements". Forward-looking statements, while based on management's best estimates and assumptions at the time such statements are made, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals, risks related to general economic and market conditions; risks related to the COVID-19 global pandemic and any variants of COVID-19 which may arise; risks related to the availability of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations.

Although Cornish Metals has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cornish Metals undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ALSFIFSAFTLLFIL
Date   Source Headline
21st Mar 20247:00 amRNSAUDITED FINANCIAL STATEMENTS ENDED DEC 31, 2023
15th Mar 20247:00 amRNSCHANGE IN EXECUTIVE MANAGEMENT
6th Mar 20247:00 amRNSAPPOINTMENT OF CAVENDISH AS JOINT BROKER
4th Mar 20247:00 amRNSBRINGING FORWARD REFURBISHMENT OF NCK SHAFT
5th Feb 20247:00 amRNSSUCCESSFUL EXPLORATION DRILLING AT WIDE FORMATION
18th Jan 20247:00 amRNSACTIVITIES UPDATE AND 2024 OUTLOOK
9th Jan 20247:00 amRNSAPPOINTMENT TO THE BOARD OF DIRECTORS
14th Dec 20237:00 amRNSUNAUDITED FINANCIAL STATEMENTS AND MD&A
7th Dec 20237:00 amRNSUPDATE ON DEWATERING SOUTH CROFTY - GOOD PROGRESS
30th Oct 20237:00 amRNSFiling of Updated MRE Technical Report on Sedar
26th Oct 20237:00 amRNSCOMMISSIONING AND OPENING OF WATER TREATMENT PLANT
9th Oct 20237:00 amRNSUPDATE ON THE SOUTH CROFTY TIN PROJECT
2nd Oct 20237:00 amRNSCHANGE IN FINANCIAL YEAR END AND GRANT OF OPTIONS
29th Sep 20237:00 amRNSUNAUDITED FINANCIAL STATEMENTS AND MD&A
28th Sep 20237:00 amRNSWET COMMISSIONING OF MINE WATER TREATMENT PLANT
20th Sep 20237:00 amRNS9,000 METRE DRILLING PROGRAMME AT SOUTH CROFTY
14th Sep 20237:00 amRNSUPDATED MINERAL RESOURCE ESTIMATE FOR SOUTH CROFTY
7th Sep 20237:00 amRNSCORNISH METALS STRENGTHENS THE EXECUTIVE TEAM
27th Jul 20237:00 amRNSSUCCESSFUL COMMISSIONING OF SUBMERSIBLE PUMPS
19th Jul 20237:00 amRNSCORNISH METALS INSTALLS SECOND SUBMERSIBLE PUMP
18th Jul 20237:00 amRNSCORPORATE UPDATE AND GRANT OF SHARE OPTIONS
7th Jul 20236:14 pmRNSCORNISH METALS REPORTS CHANGE IN SHARE OWNERSHIP
4th Jul 20237:00 amRNSASSAY RESULTS FROM DRILL PROGRAMME
30th Jun 20237:00 amRNSRESULTS OF 2023 ANNUAL GENERAL & SPECIAL MEETING
27th Jun 20237:00 amRNSFIRST SUBMERSIBLE PUMP FULLY INSTALLED
22nd Jun 20237:00 amRNSUNAUDITED FINANCIAL STATEMENTS ENDED 30 APRIL 2023
14th Jun 20237:00 amRNSUPDATE ON THE SOUTH CROFTY TIN PROJECT
8th Jun 20235:29 pmRNSNotice of Annual General and Special Meeting
18th May 20237:00 amRNSSOUTH CROFTY TIN PROJECT PROGRESS REPORT
27th Apr 20237:00 amRNSAUDITED FINANCIAL STATEMENTS ENDED JAN 31, 2023
6th Mar 20237:10 amRNSSOUTH CROFTY TIN PROJECT UPDATE
2nd Feb 20237:00 amRNSEXERCISE OF WARRANTS AND ISSUE OF EQUITY
26th Jan 20237:00 amRNSEXERCISE OF WARRANTS AND ISSUE OF EQUITY
24th Jan 20237:00 amRNSEXERCISE OF WARRANTS AND ISSUE OF EQUITY
18th Jan 20237:00 amRNSEXERCISE OF WARRANTS AND ISSUE OF EQUITY
11th Jan 20237:00 amRNSCORNISH METALS MAKES NEW DISCOVERY
3rd Jan 20234:40 pmRNSSecond Price Monitoring Extn
3rd Jan 20234:35 pmRNSPrice Monitoring Extension
3rd Jan 20232:05 pmRNSSecond Price Monitoring Extn
3rd Jan 20232:00 pmRNSPrice Monitoring Extension
15th Dec 20221:15 pmRNSUNAUDITED FINANCIAL STATEMENTS AND MD&A
10th Nov 20227:01 amRNSPDMR DEALINGS
10th Nov 20227:00 amRNSEXERCISE OF WARRANTS AND ISSUE OF EQUITY
8th Nov 20227:00 amRNSSOUTH CROFTY PROJECT UPDATE
4th Nov 20227:01 amRNSEXERCISE OF STOCK OPTIONS AND ISSUE OF EQUITY
4th Nov 20227:00 amRNSEXERCISE OF WARRANTS AND ISSUE OF EQUITY
3rd Nov 20227:00 amRNSCORNISH METALS ANNOUNCES PDMR DEALINGS
2nd Nov 20227:01 amRNSCORNISH METALS ANNOUNCES PDMR DEALINGS
2nd Nov 20227:00 amRNSEXERCISE OF WARRANTS AND ISSUE OF EQUITY
1st Nov 20227:01 amRNSCORNISH METALS ANNOUNCES PDMR DEALINGS

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