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RNS Number : 1402O Kodal Minerals PLC 13 May 2024
Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining
13 May 2024
Kodal Minerals plc
("Kodal Minerals", "Kodal" or the "Company")
Exercise of Warrants, Issue of Equity
and Change to Total Voting Rights
Kodal Minerals, the mineral exploration and development company focused on
lithium and gold assets in West Africa, announces that it has received notice
for the exercise of warrants ("Warrants") from an adviser to the Company to
subscribe for a total of 6,250,000 new ordinary shares of 0.03125 pence each
in the Company ("New Ordinary Shares") at an exercise price of 0.38 pence per
New Ordinary Share. The exercise of the Warrants will generate proceeds of
£23,750.00 for the Company.
Application will be made to the London Stock Exchange plc for the
6,250,000 New Ordinary Shares to be admitted to trading on AIM ("Admission").
It is expected that Admission will become effective and that dealings in the
New Ordinary Shares will commence on AIM at 8.00 a.m. on or around 16 May
2024.
Total voting rights
Upon Admission, the issued share capital of the Company will consist of
20,247,366,260 ordinary shares of 0.01325p each. The Company holds no
shares in treasury. The total number of voting rights in the Company from
Admission will therefore be 20,247,366,260. This figure may be used by
shareholders as the denominator for the calculations by which, they determine
if they are required to notify their interest in or a change to their interest
in the Company under the Disclosure Guidance and Transparency Rules of the UK
Financial Conduct Authority.
**ENDS**
For further information, please visit www.kodalminerals
(https://kodalminerals.com/) .com or contact the following:
Kodal Minerals plc
Bernard Aylward, CEO Tel: +61 418 943 345
Allenby Capital Limited, Nominated Adviser
Jeremy Porter/Vivek Bhardwaj/Nick Harriss Tel: 020 3328 5656
SP Angel Corporate Finance LLP, Financial Adviser & Joint Broker
John Mackay/Adam Cowl Tel: 020 3470 0470
Canaccord Genuity Limited, Joint Broker
James Asensio/Gordon Hamilton Tel: 0207 523 4680
Buchanan, Financial PR
Bobby Morse/Oonagh Reidy Tel: +44 (0)20 7466 5000
kodal@buchanancomms.co.uk
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