Guardian Metal exercise secures £39,749 raised by Investing.com

LONDON – Guardian Metal Resources plc (LON:GMET/OTCQB:GMTLF), a strategic mineral exploration and development company in the US state of Nevada, has announced the exercise of warrants which will inject additional cash into the company. The exercise of the warrants will result in the issue of 233,823 new ordinary shares at a price of 17p each, raising a total of £39,749.91 for Guardian Metal.

The newly issued shares, referred to as warrant shares, are scheduled to be admitted to trading on the AIM market London Stock Exchange (LON:) on or about Monday, January 24, 2025. These shares will carry the same rights as the Company’s currently outstanding common stock.

Following acceptance of the warrant shares, Guardian Metal’s total issued share capital will increase to 125,340,814 ordinary shares of one penny each. This figure will represent the total voting rights within the company, providing a basis for shareholders to calculate the percentage of their holdings for disclosure purposes, in accordance with the Financial Conduct Authority’s Disclosure and Transparency Rules.

This development is part of the company’s ongoing efforts to finance exploration and development activities. The exercise of warrants is a common financial mechanism that allows existing holders of warrants the opportunity to purchase additional shares at a predetermined price, often as part of prior financing arrangements.

Information relating to the exercise of the warrant and subsequent acceptance of shares is based on a press release issued by Guardian Metal Resources plc. The company’s CEO, Oliver Friesen, and its financial advisors, Cairn Financial Advisers LLP, along with Shard Capital Partners (WA:) LLP, the lead broker, participated in the process. Guardian Metal Resources did not disclose further details about the specific use of the funds raised from this operation.

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