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Great Western Mining (GWMO)

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Tuesday 27 October, 2020

Great Western Mining

Exercise of Warrants and Issue of Equity

RNS Number : 3237D
Great Western Mining Corp. plc
27 October 2020
 

GREAT WESTERN MINING CORPORATION PLC

("Great Western" or the "Company")

 

Exercise of Warrants and Issue of Equity

 

Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW), which is exploring and developing multiple early-stage gold, silver and copper targets in Nevada, announces that it has received a notice of exercise of warrants over 31,250,000 new ordinary shares of €0.0001 each in the share capital of the Company at a price of 0.16 pence per share ("the Warrant Shares"), which were granted in conjunction with the Placing on 13 November 2019.  Company will issue the Warrant Shares with gross proceeds amounting to £50,000.

 

Settlement and Dealing

 

Application will be made to the AIM Market of the London Stock Exchange ("AIM") and Euronext Growth for a total of 31,250,000 ordinary shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM and Euronext Growth are expected to commence on or around 30 October 2020 ("Admission").

 

Total Voting Rights

 

In conformity with Regulation 20 of the Transparency (Directive 2004/109/EC) Regulations 2007, Great Western advises that the total number of ordinary shares of €0.0001 each in issue (with voting rights) will be 2,451,214,550 following the issue of the Warrant Shares. The Company does not hold any ordinary shares in treasury.

 

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Great Western under the Transparency (Directive 2004/109/EC) Regulations 2007 and the Transparency Rules.

 

For further information:

 

Great Western Mining Corporation PLC

Brian Hall, Chairman

Max Williams, Finance Director

 

+44 207 933 8795

+44 207 933 8795

Davy (Nomad, Euronext Growth Adviser & Joint Broker)

John Frain

 

 +353 1 679 6363

Novum Securities (Joint Broker)

Jon Belliss

 

+44 207 399 9400

ETX Capital (Joint Broker)

Thomas Smith

 

+44 207 392 1494

Walbrook PR

Nick Rome

 

+44 207 933 8795

 

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