Business
Exercise of Options and Issue of Equity
Exercise of Options and Issue of Equity.
About this update from Cornish Metals Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 8042A\n Cornish Metals Inc.\n 04 June 2021\n \n \n \n \n CORNISH\n \n METALS\n \n \n \n CORNISH METALS ANNOUNCES EXERCISE OF STOCK OPTIONS AND ISSUE OF EQUITY\n \n \n \n \n \n June 4, 2021\n \n \n \n Cornish Metals Inc.\n \n (TSX-V/AIM: CUSN) (\"Cornish Metals\" or the \"Company\"), a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, announces the exercise of stock options for 50,000 common shares without par value at a price of 15 cents per common share in the share capital of the Company (\"New Shares\") for an aggregate consideration of C$7,500 (£4,392).\n \n \n The New Shares will rank pari passu with the existing shares and application has been made for the 50,000 New Shares to be admitted to trading on AIM (\"Admission\"). It is expected that Admission will become effective and dealings in the New Shares will commence at 8:00am on or around June 9, 2021. The New Shares will also trade on the TSX Venture Exchange.\n \n \n Following Admission, Cornish Metals' Issued and Outstanding share capital will consist of 269,770,157 shares. The Company does not hold any shares in treasury. Shareholders may use this figure 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.\n \n \n Market Abuse Regulation (MAR) Disclosure\n \n \n This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n \n \n \n \n ABOUT CORNISH METALS\n \n \n Cornish Metals completed the acquisition of the South Crofty tin and United Downs copper / tin projects, plus additional mineral rights located in Cornwall, UK, in July 2016 (see Company news release dated \n \n \n July 12, 2016\n \n \n ). The additional mineral rights cover an area of approximately 15,000 hectares and are distributed throughout Cornwall. Some of these mineral rights cover old mines that were historically worked for copper, tin, zinc, and tungsten.\n \n \n For additional information please contact:\n \n \n In North America:\n \n \n Irene Dorsman...