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Pathfinder Minerals Plc announced that all resolutions were duly passed at its Annual General Meeting held on June 28, 2024. The Company also agreed to issue warrants to an investor relations adviser to subscribe for 100,000,000 ordinary shares of 0.1p each. These warrants are exercisable for up to 12 months at 0.30p, representing a 7% premium to the 0.28p closing suspension mid-market price, and vest if the volume weighted average price exceeds 0.60p bid-market price for 10 trading days.
| Date | 28 Jun 2024 |
| Time | 15:47:51 |
| Category | AGMs and other meetings |
| ID | 4303U |
28 June 2024
Pathfinder Minerals plc
("Pathfinder" or the "Company")
Result of Annual General Meeting
and
Issue of Warrants
Pathfinder Minerals PLC (AIM:PFP), an AIM Rule 15 cash shell, announces that following the Annual General Meeting ("AGM") held today at 11:00 a.m., all resolutions were duly passed.
Also, the Company announces that it has agreed to issue warrants to an investor relations adviser to subscribe for 100,000,000 ordinary shares of 0.1p each in the capital of the Company (the "Warrants"). The Warrants are exercisable for a period of up to 12 months at a price of 0.30p, representing a premium of approximately 7 per cent. to the closing suspension mid-market price of 0.28p. The Warrants will be performance driven on the basis that the warrants will only vest if the volume weighted average price ("VWAP") for the Company is greater than 0.60p bid-market price for a period of two calendar weeks, being 10 trading days.
Enquiries:
Pathfinder Minerals Plc
Paul Barrett, Executive Director
Tel. +44 (0)20 3143 6748
Allenby Capital Limited (Nominated Adviser and Broker)
John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)
Stefano Aquilino / Joscelin Pinnington (Sales & Corporate Broking)
Tel. +44 (0)20 3328 5656
OAK Securities (Joint Broker)
Jerry Keen, Head of Corporate Broking (jerry.keen@oak-securities.com)
Henry Clarke, Head of Sales (henry.clarke@oak-securities.com)
Tel. +44 (0)20 3973 3678
Camarco (Financial PR)
Gordon Poole / Emily Hall / Sam Morris
Tel. +44 (0) 20 3757 4980
OAK Securities is a trading name of Merlin Partners LLP. Merlin Partners LLP is authorised and regulated by the Financial Conduct Authority (Reference Number: 449191). Merlin Partners LLP is registered in England and Wales (Registered Partnership Number: OC317265).