Exercise of Warrants and Conversion of Loan Note

Summary by AI BETAClose X

Great Southern Copper PLC has announced the exercise of warrants, resulting in the subscription of 8,333,335 new ordinary shares for gross proceeds of £200,000 at 2.4p per share. Additionally, the company will issue 18,000,000 new ordinary shares to convert a loan agreement at 2.90p per share, held by its largest shareholder. These 26,333,335 new shares are expected to be admitted to trading on the London Stock Exchange around January 26, 2026, bringing the total issued share capital to 716,251,283.

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