Last checked at 1 Feb 2023 07:00
1 February 2023
Pathfinder Minerals Plc
("Pathfinder" or the "Company")
Placing Completion and Total Voting Rights
Pathfinder announces the issue and allotment of 100,000,000 new ordinary shares of 0.1 pence each in the Company ("New Ordinary Shares") in connection with the placing announced on 3 January 2023 to raise £0.5 million before expenses (the "Placing").
The Placing and the associated issue of 5,000,000 warrants exercisable at a price of 0.5 pence per warrant share for a period of two years ("Broker Warrants") have now been completed. The New Ordinary Shares will rank pari passu with the existing ordinary shares in issue and application has been made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM. Admission of the New Ordinary Shares is expected to become effective at 8 a.m. on or around 6 February 2023.
Following Admission, the Company will have 632,494,834 ordinary shares in issue. The Company does not hold shares in treasury, therefore the figure of 632,494,834 should be used by shareholders for the calculations by which they will determine if they are required to notify their interest in, or a change of their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
Enquiries:
Pathfinder Minerals Plc
Peter Taylor, Chief Executive Officer
Tel. +44 (0)20 3143 6748
Strand Hanson Limited (Nominated & Financial Adviser and Broker)
James Spinney / Ritchie Balmer / Rob Patrick
Tel. +44 (0)20 7409 3494
Vigo Communications (Public Relations)
Ben Simons / Charlie Neish / Kate Kilgallen
Tel. +44 (0)20 7390 0234
Email. pathfinderminerals@vigocomms.com
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").