Empire Metals Limited, an AIM-quoted resource exploration and development company, has announced that an option holder has exercised options over 1,336,875 new ordinary shares of no par value in the company. The shares were issued at a price of 6 pence per share, resulting in an aggregate cash value of £80,212.50. The company will apply for the new shares to be admitted to trading on AIM, with the expectation that admission will become effective on or around January 3, 2024. Following admission, the company's issued share capital will consist of 571,577,796 ordinary shares of no-par value. This represents the total number of voting rights in the company.
Empire Metals Limited is an exploration and resource development company with projects in Australia and Austria. The company's strategy is to develop a pipeline of projects at different stages of development. Its current focus is on the Pitfield Project in Western Australia, which has shown potential for a significant titanium discovery.