Business
Block Admission
Block Admission.
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n \n \n \n RNS Number : 1595B\n Phoenix Copper Limited\n 06 October 2020\n \n \n \n Phoenix Copper Limited / Ticker: PXC / Sector: Mining\n \n 6 October 2020\n Phoenix Copper Limited\n (\"Phoenix\" or the \"Company\")\n Block Admission\n \n \n Phoenix Copper Limited (AIM: PXC; OTCQX: PXCLF), the AIM quoted North American focused base and precious metals company, announces that an application has been made to the London Stock Exchange for a block admission of up to 7,717,236 ordinary shares of no par value in the Company (the \"New Ordinary Shares\") to be admitted to trading on AIM (\"Admission\"). \n \n \n The Company currently has the following existing warrants over ordinary shares in issue: \n \n \n Number of Warrants Exercise Price Expiry Date\n \n \n 668,000 16 pence 31 July 2022\n \n \n 530,467 18 pence 30 June 2023\n \n \n 386,000 20 pence 31 July 2022\n \n \n 127,962 21 pence 30 June 2022\n \n \n 4,609,213 28 pence 31 January 2022\n \n \n 427,343 35 pence 30 June 2022\n \n \n 641,157 40 pence 30 June 2022\n \n \n 327,094 60 pence 31 December 2021\n \n \n \n \n \n The block admission has been filed to enable holders of the Company's warrants to continue to voluntarily exercise them without the need for the issue of a separate RNS and admissions filing each time this occurs. The Company will notify on a monthly basis when there are changes to the issued share capital of the Company, and these monthly figures may be used by shareholders as the denominator for the calculation 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. The Company will also make six-monthly announcements regarding the utilisation of the block admission in line with its obligations under AIM Rule 29. It is expected that the block admission will be...