Business
Exercise of Warrants and Issue of Equity
Exercise of Warrants and Issue of Equity.
About this update from Phoenix Copper Ltd. (united Kingdom)
[{"type":"text","content":"\n \n \n \n RNS Number : 4574G\n Phoenix Copper Limited\n 30 March 2022\n \n \n \n \n #Phoenix Copper Limited / Ticker: PXC / Sector: Mining\n \n \n 30 March 2022\n \n \n Phoenix Copper Limited\n \n \n ('Phoenix' or the 'Company')\n \n \n Exercise of Warrants and Issue of Equity \n \n \n Phoenix Copper Ltd (AIM: PXC, OTCQX ADR: PXCLY), the AIM quoted USA focused base and precious metals emerging producer and exploration company, announces that further to the announcement earlier today, the Directors consider the Insiders to be out of a \"close period\" and accordingly, the Company has received notification from various Directors, PDMRs and an adviser to the Company, to exercise warrants representing a total of 121,111 ordinary shares of no par value each (\"Ordinary Shares\") in the Company for total consideration of £33,911.08. All warrants were exercised at 28 pence each.\n \n \n Director Holdings in the Company\n \n \n \n \n \n Individual \n \n \n \n \n No. of Ordinary Shares held as at the date of this announcement \n \n \n \n \n No. of warrants exercised \n \n \n \n \n No. of Ordinary Shares held immediately following Admission \n \n \n \n \n % interest in Ordinary Shares immediately following Admission \n \n \n \n \n \n \n Marcus Edwards- Jones, Executive Chairman\n \n \n \n \n 1,042,857\n \n \n \n \n 43,794\n \n \n \n \n 1,086,651\n \n \n \n \n 0.89%\n \n \n \n \n \n \n Ryan McDermott, CEO\n \n \n \n \n 442,160\n \n \n \n \n 23,687\n \n \n \n \n 465,847\n \n \n \n \n 0.38%\n \n \n \n \n \n \n Richard Wilkins, CFO\n \n \n \n \n 830,656\n \n \n \n \n 23,687\n \n \n \n \n 854,343\n \n \n \n \n 0.70%\n \n \n \n \n \n \n Jason Riley, NED\n \n \n \n \n 37,619\n \n \n \n \n 2,679\n \n \n \n \n 40,298\n \n \n \n \n 0.03%\n \n \n \n \n \n \n \n \n Dennis Thomas, advisory board member, has also exercised warrants representing a total of 24,323 Ordinary Shares in the Company at an exercise price of 28 pence each. \n \n \n Admission to trading on AIM and Total Voting Rights \n \n \n Application has been made for 118,170 new Ordinary Shares to be admitted to trading on AIM (\"Admission\"), which is expected to occur at 8.00 a.m. on or around 4 April 2022. The remaining 2,941 new Ordinary Shares, which are being issued to an adviser of the Company, are being issued from its exist...