REG - Capital Metals PLC - Result of Meeting

Capital MetalsAnnouncement

12/07/2023 12:00

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RNS Number : 8168F  Capital Metals PLC  12 July 2023

12 July 2023

 

Capital Metals plc

 

("Capital Metals" or the "Company")

 

Result of General Meeting

 

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 at the General Meeting ("GM") held earlier today
all the resolutions put to the meeting were duly approved by shareholders.

 

The numbers of votes for each resolution are presented below:

 

     Ordinary Resolution                                                              For         Against  Withheld
 1.  To authorise the directors to allot and issue ordinary shares and grant rights   44,538,711  113,437  Nil
     to subscribe for shares up to an aggregate nominal value of £240,000
     (equating to 120,000,000 shares).
     Special Resolution
 2.  To authorise the directors to issue equity securities wholly for cash on a       44,542,148  110,000  Nil
     non-pre-emptive basis pursuant to the authority conferred by resolution number
     1 above.

 

Notes:

1. The "For" Proxy vote includes those giving the Chair of the GM discretion

2. A vote "Withheld" is not a vote in law and is not included in the proxy
votes "For" or "Against" the resolution

 

Issue of Warrants

 

As notified on 20 June 2023, and following the passing of resolutions at the
GM, warrants to subscribe for 2,500,000 shares will be issued to the Company's
broker, Tavira Financial, pursuant to its engagement terms.

 

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

 

 Capital Metals plc                           Via Vigo Consulting

 Greg Martyr (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 London Stock Exchange
and one of only a few foreign investors in Sri Lanka's mining industry. After
investing US$11 million in 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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