Business
Exercise of Warrants and Options
Exercise of Warrants and Options.
About this update from Cadence Minerals Plc
[{"type":"text","content":"\n \nRNS Number : 5120J Rare Earth Minerals PLC 12 June 2014 \n \n\n12 June 2014\nRare Earth Minerals plc\n(the \"Company\")\n \nExercise of Warrants and Options\n \nRare Earth Minerals plc (AIM: REM) the rare earth minerals and metals projects investment company announces that it has received notices of the exercise of warrants and options (the \"Exercise\") to subscribe for a total of 259,423,333 new ordinary shares in the Company (the \"New Ordinary Shares\"). The exercise prices of the warrants and options are as follows: 75,000,000 at 0.50 pence; 48,090,000 shares at 0.40 pence and 136,333,333 at 0.06 pence. The total additional funds received by the Company is £649,160.\n \nApplication will be made to the London Stock Exchange for the New Ordinary Shares to be admitted to trading on AIM (\"Admission\"). The New Ordinary Shares will rank pari passu with the existing ordinary shares in the Company and Admission is expected to commence on 18 June 2014.\n \nFollowing Admission, the Company's enlarged issued share capital will comprise 5,453,375,717 ordinary shares. The Company does not hold any shares in treasury. This figure of 5,453,375,717 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.\n \nFor further information please contact: \nRare Earth Minerals plc +44 (0) 207 440 0647\nDavid Lenigas\nKiran Morzaria\nWH Ireland Limited (NOMAD & Joint Broker) +44 (0) 207 220 1666 \nJames Joyce\nNick Field \nHume Capital plc (Joint Broker)  ...