Golden Prospect Prec Golden Prospect-GPSS - Results of Subscription Rights Exercise

Golden Prospect Precious Metals

01/12/2023 12:51

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RNS Number : 4379V  Golden Prospect Precious Metals Ltd  01 December 2023

1 December 2023

 

 

Golden Prospect Precious Metals Limited

(the "Company")

 

 

Results of subscription rights exercise for Ordinary Shares

 

 

The Board of the Company announces that applications have been received from
shareholders to subscribe for 57,689 new ordinary shares of no par value
("Ordinary Shares") at a price of 38.31p per share.

 

The Board have determined however, that due to the current Ordinary Share
price of approximately 28.00p per share, it would not be in the best interests
of the Company nor the Shareholders to issue new shares at this level.

 

Accordingly, the Company announces that no new Ordinary Shares will be issued
as a result of the subscription rights exercise for 2023 and that applicants
will be refunded by the Registrar as soon as possible.

 

A separate announcement regarding the subscription rights price for 2024 will
be made in due course.

 

 Enquiries: -

 CQS (UK) LLP                                                                +44 (0) 20 7201

                                           5368
 Craig Cleland

 Cavendish Capital Markets Limited                                           +44 (0) 20 7220

                                           0500
 William Marle

 Maitland Administration (Guernsey) Limited                                  +44 (0) 20 3530

                                           3600
 Tracy Le Sauvage / James Taylor

 

 

 

 

 

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