Business
Strategic North American Financing
Strategic North American Financing.
About this update from Guardian Metal Resources Plc
[{"type":"text","content":"\n\n15 August 2024\nGuardian Metal Resources plc\n('Guardian Metal' or the 'Company')\nStrategic North American Financing\n£2,154,074.58 (US $2.75M) raised for Accelerated Project Exploration & Development\nGuardian Metal Resources plc (LON:GMET, OTCQB:GMTLF), a mineral exploration company focused on tungsten, lithium, gold, copper and silver within Nevada, USA, is pleased to announce it has completed a strategic financing raising £2,154,074.58 (US $2.75M) (the \"Financing\") through a direct subscription with the Company.\nThe Financing enables an immediate and material expansion of ground exploration and project development activities, leveraging the success of the Company's work to date in 2024.\nSubscription Highlights:\n- Guardian Metal has completed a strategic financing of £2,154,074.58 (US $2.75M) through the issue of 7,978,054 new ordinary shares of 1.0p each (\"Subscription Shares\"), representing 6.7% of the enlarged issued share capital of the Company at an issue price of 27p per share.\n \n- The subscribers will receive one warrant with every two Subscription Shares subscribed for (3,989,027 new warrants). The warrants have an exercise price of 40p per ordinary share and will expire two-years after the date of the Subscription Shares' admission to trading on AIM.\n \n- The Financing has the potential to significantly increase North American investor interest in the Company. This interest can be channelled through the Company's quotation on the OTCQX market, where CEO Oliver Friesen recently rang the bell on market open.\n \n- The £2,154,074.58 (US $2.75M) raised will be applied to the acceleration of exploration and project development activities at the Company's Pilot Mountain and Garfield projects. In particular on drilling of new and validated porphyry targets across both projects, and the continuing resource expansion drilling at Pilot Mountain.\n \n- The expanded work programmes are justified given the significant findings to date and enable the Company to execute accelerated exploration without delay. The Company believes that these work programmes have the potential to markedly increase the value of its leading projects.\n \n- ...