Business
Issue of Equity & Total Voting Rights
Issue of Equity & Total Voting Rights.
About this update from Rome Resources Plc
[{"type":"text","content":"\n \nRNS Number : 2686B Pathfinder Minerals Plc 05 June 2019 \n\n5 June 2019\nPathfinder Minerals Plc\n(\"Pathfinder\" or the \"Company\")\n \nIssue of Equity\n& \nTotal Voting Rights\n \nPathfinder is pleased to announce a cash subscription of £135,000 and settlement of certain outstanding obligations through the issue of the Company's equity.\n \nIssue of Equity\n \nCash Subscription \n \nThe Company has conditionally raised £135,000 via a subscription for 4,909,091 new ordinary shares of 0.1p each in the capital of Company (\"Ordinary Shares\") (the \"Subscription Shares\") at a price of 2.75p per share (the \"Subscription Price\") with existing investors (the \"Subscription\"). The Subscription is conditional only on admission of the Subscription Shares to trading on AIM. \n \nThe proceeds from the Subscription are to be utilised for general working capital purposes. \n \nSettlement Share Issue\n \nIn addition, the Company has agreed to issue, in aggregate, 5,793,927 new Ordinary Shares at 2.75p per share to a current director and a former director (together, the \"Participating Directors\") in satisfaction of deferred salary that has been accrued (the \"Settlement Shares\"). The Settlement Share issue has the positive effect of reducing the Company's accrued cash liabilities by an aggregate amount of £159,333. \n \nDetails of the Settlement Shares to be issued to the Participating Directors are set out below:\n \n\n\n\nDirector/Former Director\n\n\nNumber of Settlement Shares received\n \n\n\nHolding of Ordinary Shares following the issue of the Settlement Shares\n \n\n\nOrdinary Share holding as a percentage of enlarged share capital immediately following admission of the Subscription Shares and the Settlement Shares\n \n\n\n\n\nSir Henry Bellingham\n\n\n1,212,121\n\n\n2,462,121\n\n\n0.81%\n\n\n\n\nNicholas Trew*\n\n\n4,581,806\n\n\n27,789,891\n\n\n9.11%\n \n\n\n\n* Director within the past 12 months\n \nPursuant to the Subscription and the Settlement Share issue, the Company has also issued to the recipients of the Subscription Shares and the Settlement Shares one warrant to subscribe for one new Ordinary Share for every Subscription Share / Settlement Share received with an exercise price of 3.5p ...