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Guardian Metal Resources PLC Announces Closing of U.S. Initial Public Offering
Guardian Metal Resources plc ("Guardian Metal" or the "Company") Guardian Metal Announces Closing of U.S. Initial Public Offering and Exercise of Over-Allotment Option LONDON, UK / ACCESS Newswire / March 24, 2026 / Guardian Metal Resources plc (LON:GMET)(OTCQX:GMTLF)(NYSE ...
About this update from Guardian Metal Resources Plc
[{"type":"text","content":"Guardian Metal Resources plc ("Guardian Metal" or the "Company") Guardian Metal Announces Closing of U.S. Initial Public Offering and Exercise of Over-Allotment Option","length":187,"tagName":"p"},{"type":"text","content":"LONDON, UK / ACCESS Newswire / March 24, 2026 / Guardian Metal Resources plc (LON:GMET)(OTCQX:GMTLF)(NYSE A:GMTL), a U.S.-focused exploration-stage company focused on tungsten in Nevada, United States, is pleased to announce the closing of its previously announced initial public offering in the United States of 4,444,400 American Depositary Shares ("ADSs"), representing 22,222,000 ordinary shares ("ADS Shares"), at an initial public offering price of $13.50 per ADS. Guardian Metal also announces the exercise of the underwriters' over-allotment option to purchase an additional 611,553 ADSs (the "Over-Allotment Option Exercise"), representing 3,057,765 ordinary shares ("ADS Option Shares"). No further ADSs will be purchased pursuant to the underwriters' over-allotment option following the Over-Allotment Option Exercise. Total gross proceeds to Guardian Metal, before underwriting discounts and commissions and offering expenses, were approximately $68.3 million. All of the ADSs were offered by Guardian Metal.","length":1068,"tagName":"p"},{"type":"text","content":"BMO Capital Markets Corp. acted as lead book-running manager; Cantor Fitzgerald & Co. acted as bookrunning manager; and D.A. Davidson & Co. and Berenberg Capital Markets LLC each acted as co-managers for the offering.","length":225,"tagName":"p"},{"type":"text","content":"Tamesis Partners LLP acted as capital markets advisor to Guardian Metal.","length":72,"tagName":"p"},{"type":"text","content":"The offering was made only by means of a prospectus. The final prospectus related to the offering was filed with the U.S. Securities and Exchange Commission (the "SEC"). Copies of the final prospectus can be obtained from: BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, or by email at [email protected].","length":383,"tagName":"p"},{"type":"text","content":"ADMISSION AND TOTAL VOTING RIGHTS","length":33,"tagName":"p"},{"type":"text","content":"22,222,000 ADS Shares were admitted to trading on AIM at 8:00 a.m. ...