REG - GreenX Metals Ltd - Issue of Shares

GreenX MetalsAnnouncement

14/03/2023 08:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230314:nRSN8802Sa&default-theme=true

RNS Number : 8802S  GreenX Metals Limited  14 March 2023

GREENX METALS LIMITED

 

NEWS RELEASE | 14 March 2023

 

ISSUE OF SHARES

 

GreenX Metals Limited (GreenX or Company) advises that following the
announcement made on 7 March 2023, due to high demand, directors have resolved
to increase the previously announced share placing to UK and European
investors by issuing a total of 14,053,975 ordinary fully paid shares (Shares)
to raise approximately $7.7 million.

 

An application will be made for admission of the Shares to the standard
listing segment of the Official List of the FCA (Official List) and to trading
on the main market of the London Stock Exchange for listed securities (LSE
Admission). LSE Admission is expected to take place at on 24 March 2023. The
Company will also issue 150,000 unlisted options exercisable at A$0.55 each on
or before 30 November 2026 to a key consultant of GreenX.

 

For the purposes of the Financial Conduct Authority's Disclosure Guidance and
Transparency Rules (DTRs), following LSE Admission, the Company's issued
ordinary share capital will be 267,674,439 ordinary shares. The above figure
of 267,674,439 may be used by shareholders as the denominator for the
calculations by which they can determine if they are required to notify their
interest in, or a change to their interest in, the Company following LSE
Admission.

 

Following the issue of Shares and options, GreenX has the following securities
on issue:

·      267,674,439 ordinary fully paid shares;

·      5,375,000 unlisted options exercisable at A$0.45 each on or
before 30 November 2025;

·      5,525,000 unlisted options exercisable at A$0.55 each on or
before 30 November 2026;

·      5,000,000 Class A performance rights that have an expiry date 8
October 2026;

·      6,000,000 Class B performance rights that have an expiry date 8
October 2026; and

·      A convertible loan note with a principal amount of A$2,627,430,
convertible into 5,711,805 ordinary shares at a conversion price of A$0.46 per
share with no expiry date.

 

Enquiries:

 

 GreenX Metals Limited            Tel: +61 8 9322 6322
 Dylan Browne, Company Secretary  Email: info@greenxmetals.com (mailto:info@greenxmetals.com)

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  IOENKQBPOBKKQND