REG - Critical Metals PLC - Exercise of Warrants

Critical MetalsAnnouncement

27/02/2023 07:00

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RNS Number : 0612R  Critical Metals PLC  27 February 2023

Critical Metals plc / EPIC: CRTM / Market: Main Market

 

27 February 2023

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 a
total of 615,000 new ordinary shares of £0.005 each in the Company ("Ordinary
Shares") (the "Warrant Shares").

A total of 600,000 Warrant Shares have been exercised at a price of 10 pence
per Ordinary Share and the remaining 15,000 Warrant Shares at an exercise
price of 5 pence per Ordinary Share, resulting in total gross proceeds to the
Company of £60,750.

Admission

Application has been made for the 615,000 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 1 March 2023 ("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 59,662,235
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.

**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

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

 Duncan Vasey                                                                                      Tel: +44 (0)20 7220 9797

  
                                                                                                    

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

                                                    Financial PR

                                                    

 

About Critical Metals

 

Critical Metals PLC has acquired a controlling 100% stake in Madini Occidental
Limited, which holds an indirect 70% interest in the Molulu copper/cobalt
project, an ex-producing medium-scale asset in the Katangan Copperbelt in the
Democratic Republic of Congo. In line with its investment strategy of focusing
primarily on known deposits, targeting projects with low entry costs and the
potential to generate short-term cash flow; the Company intends to produce
120,000t/per annum of Copper Oxide Ore.

The Company will continue to identify future assets that are in line with its
stated acquisition objective of low CAPEX and OPEX projects with near-term
production, concentrating on minerals that are perceived to have strategic
importance to future economic growth and generate significant value for
shareholders.

 

 

 

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