Business
Warrant Extension
Warrant Extension.
About this update from First Class Metals Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n \nFIRST CLASS METALS PLC\n28th July 2023\nWarrant Extension\n \nFirst Class Metals PLC (\"First Class Metals\" \"FCM\" or the \"Company\") the UK metals exploration company seeking large scale metal discoveries across its extensive Canadian Schreiber-Hemlo & Sunbeam land holding is pleased to announce that, subject to specific warrant holder approval, it has approved a twelve month extension of the outstanding 'Existing Shareholder Warrants' and the 'First Warrants', which were issued at the point of the Initial Public Offering 'IPO' on the 28th July 2022, by way of amendment to the instruments pursuant to which those warrants were constitued.\n\n\n\nType Of Warrant\n\n\nNumber Outstanding\n\n\nProposed Expiry\n\n\n\n\n10p 'Existing Shareholder Warrants'\n\n\n6,054,991\n\n\n28th July 2024\n\n\n\n\n12.5p 'First Warrants'\n\n\n6,195,785\n\n\n28th July 2024\n\n\n\n \nThe proposed extension to the Existing Warrants is subject to approval in writing by holders of at least two-thirds of the Existing Warrants now outstanding.\nThe proposed extension to the First Warrants is subject to approval by the holders of First Warrants at a meeting to be held on the 4th August 2023 at 10.00am.\n \nFor further information, please contact: \n\n\n\nJames Knowles, Executive Chairman\n\n\[email protected]\n\n\n07488 362641\n\n\n\n\nMarc J Sale, CEO\n\n\[email protected]\n\n\n07711 093532\n\n\n\n\nAyub Bodi, Executive Director\n\n\[email protected]\n\n\n07860 598086\n\n\n\n \nFirst Equity Limited\n(Financial Adviser & Broker)\n\n\n\nJonathan Brown\n\n\n\n\n\n0207 3742212\n\n\n\n\nJason Robertson\n\n\n\n\n\n0207 3742212\n\n\n\n \n \n \n \n\n","length":6213,"tagName":"div"}]