Golden Metal Re Regulatory News (GMET)

13 May 2024

Golden Metal Resources plc ("Golden Metal" or the "Company")

Exercise of 10.75p Warrants

Golden Metal Resources plc (LON:GMET/OTCQB:GMTLF), a strategic mineral exploration and development company focused on Nevada, US, announces an exercise of warrants.

Warrant Exercise

The Company has received notices to exercise warrants over a further 1,727,630 new ordinary shares of 1 pence each in the Company ("Warrant Shares") at an exercise price of 10.75p per Warrant Share ("10.75p Warrants") prior to the end of the warrant exercise period, raising £185,720.22 for the Company.

ADMISSION AND TOTAL VOTING RIGHTS

Application will be made for the 1,727,630 Warrant Shares to be admitted to trading on AIM which is expected to occur on or around 17 May 2024 ("Admission"). The Warrant Shares will rank pari passu in all respects with the ordinary shares of the Company currently traded on AIM.

Following Admission, the Company's issued share capital will comprise 106,777,165 ordinary shares of 1p each. This number will represent the total voting rights in the Company and may be used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

WARRANT EXERCISE PERIOD

As previously announced, the exercise period for the 10.75p Warrants ended at midnight on 10 May 2024, other than in respect of 991,277 10.75p Warrants held by parties that are deemed to be in possession of inside information.