REG - Kodal Minerals PLC - Exercise of Warrants and Issue of Equity

Kodal MineralsAnnouncement

13/05/2024 08:00

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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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