REG - Capital Metals PLC - Exercise of Warrants

Capital MetalsAnnouncement

23/10/2023 14:15

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RNS Number : 0020R  Capital Metals PLC  23 October 2023

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

23 October 2023

 

Capital Metals plc

 

("Capital Metals" or the "Company")

 

Exercise of Warrants

 

Capital Metals (AIM: CMET), a mineral sands company approaching mine
development stage at the high-grade Eastern Minerals Project in Sri Lanka (the
"Project"), announces that it has today issued 1,625,000 ordinary shares
pursuant to the exercise of 1p warrants which were issued in connection with
the placing announced on 20 June 2023.

 

Application will be made to the London Stock Exchange for admission of the
1,625,000 shares (the "Shares") to trading on AIM ("Admission"). It is
expected that Admission will become effective and dealings in the Shares will
commence at 8.00 a.m. on or around 27 October 2023. The Shares will be issued
fully paid and will rank pari passu in all respects with the Company's
existing ordinary shares.

 

Total Voting Rights

 

Following Admission, the total number of ordinary shares in the capital of the
Company in issue will be 279,246,598 with voting rights. This figure may be
used by shareholders 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's share capital pursuant to (i) the
Company's Articles, (ii) the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules and/or (iii) the AIM Rules for Companies
issued by the London Stock Exchange plc as amended from time to time.

 

For further information, please visit www.capitalmetals.com
(http://www.capitalmetals.com) or contact:

 

 Capital Metals plc                           Via Vigo Consulting

 Greg Martyr (Executive Chairman)

 Vigo Consulting (Investor Relations)         +44 (0)20 7390 0234

 Ben Simons / Peter Jacob                     capitalmetals@vigoconsulting.com (mailto:capitalmetals@vigoconsulting.com)
 SPARK Advisory Partners (Nominated Adviser)  +44 (0)20 3368 3554

 Neil Baldwin / James Keeshan
 Tavira Financial                             +44 (0)20 7100 5100

 Jonathan Evans / Oliver Stansfield

 

About Capital Metals

 

Capital Metals plc is a British company listed on the AIM segment of the
London Stock Exchange and one of only a few foreign investors in Sri Lanka's
mining industry. Following exploration and development activities including
detailed environmental assessments between 2017 and 2022, the Company's Sri
Lankan subsidiary, Damsila Exports (Pvt) Limited, was issued an initial two
licences in August 2022 to mine heavy mineral sands in the Eastern Province,
containing industrial minerals including ilmenite, rutile, zircon, and
garnet.

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