Empire Metals Limited, an AIM-quoted resource exploration and development company, has announced that it has received notification from a warrant holder to exercise warrants over 1,876,553 new ordinary shares of no par value in the share capital of the Company. The exercise price for the shares is 1.3 pence per share, and the Company has issued the new shares to the warrant holders for a total cash value of £24,395. The new shares will be admitted to trading on AIM, with the admission expected to become effective on or around 5 December 2023. Following the admission, the Company's issued share capital will consist of 569,240,921 ordinary shares of no-par value, which represents the total number of voting rights in the Company.
Empire Metals is an exploration and resource development company with projects in Australia and Austria. The Company's current focus is on the Pitfield Project in Western Australia, which has shown potential for a significant titanium discovery. The Company is also advancing the Eclipse-Gindalbie Project in Western Australia, which is prospective for high-grade gold and kaolin used in the production of high-purity alumina, an essential component in lithium-ion batteries.
For further information, please visit the Company's website or contact the relevant parties listed in the news release.