REG - Critical Metals PLC - Exercise of Warrants

Critical MetalsAnnouncement

23/08/2022 11:00

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RNS Number : 9209W  Critical Metals PLC  23 August 2022

 

 

 

Critical Metals plc / EPIC: CRTM / Market: Main Market / Sector: Closed End
Investments

 

23 August 2022

Critical Metals plc

("Critical Metals" or the "Company")

 

Exercise of Warrants

 

Critical Metals plc, a mining investment company established to acquire mining
opportunities in the critical and strategic metals sector, is pleased to
announce that it has received warrant exercise notices to subscribe for
2,000,000 new ordinary shares of £0.005 each in the Company ("Ordinary
Shares") (the "Warrant Shares").

The Warrant Shares are being issued pursuant to the exercise of 2,000,000
warrants over Ordinary Shares at an exercise price of 10 pence per Ordinary
Share for total gross proceeds of £200,000.

Admission and Total Voting Rights

Application has been made for the 2,000,000 Warrant Shares to be admitted to
the standard segment of the Official List and to trading on the main market
for listed securities of the London Stock Exchange, and admission of the
Warrant Shares is expected to occur on or around 26 August 2022 ("Admission").
The Warrant Shares will rank pari passu with the existing Ordinary Shares.

For the purpose of the Disclosure and Transparency Rules, following Admission
the enlarged issued share capital of the Company will comprise 43,659,735
Ordinary Shares. The Company does not hold any shares in treasury. The above
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, under the Disclosure and
Transparency Rules.

Molulu Project Update

Further to recent announcements regarding the proposed acquisition of the
Molulu Project, progress towards readmission of the Company's shares to
listing on the standard segment of the Official List of the FCA and to trading
on the London Stock Exchange plc's Main Market continues and the Company
expects to be in a position to update shareholders again in the near future.

 

 

**ENDS**

 

For further information on the Company please visit www.criticalmetals.co.uk
(http://www.criticalmetals.co.uk) or contact:

 

 Russell Fryer                      Critical Metals plc                           Tel: +44 (0)20 7236 1177

 Rory Murphy / James Bellman        Strand Hanson Limited                         Tel: +44 (0)20 7409 3494

                                    Financial Adviser

 Lucy Williams /                    Peterhouse Capital Limited, Corporate Broker  Tel: +44 (0)20 7469 0936

 Heena Karani                                                                     Tel: +44 (0)20 7469 0933

 Catherine Leftley/Isabelle Morris  St Brides Partners Ltd,                       Tel: +44 (0)20 7236 1177

                                    Financial PR

 

About Critical Metals

Critical Metals was formed as an investment company and intends to make equity
investments into operators or near-term production operators within the
natural resources development and production sector in the continent of
Africa. It is envisaged that such acquisition or acquisitions will trigger a
reverse takeover in accordance with the listing rules. The Company intends to
search initially for acquisition opportunities in the natural resources sector
on known deposits and more specifically minerals that are perceived to have
strategic importance to future economic growth. Commodities such as antimony,
beryllium, cobalt, copper, fluorspar, gold, rare earth elements, tin,
tungsten, titanium, and vanadium have been identified by several governments
as "critical minerals" and so guaranteeing supplies is seen as a strategic
necessity. The Company therefore believes that the market conditions for these
minerals will remain strong in the short-to-long term.

 

 

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