European Metals Holdings Limited (ASX & AIM: EMH, NASDAQ: ERPNF) ('European Metals' or the 'Company') advises that is has today issued 238,000 new ordinary shares represented by depository interests ('DI Shares') in relation to an exercise of options.
The Company received an option exercise notice to subscribe for 238,000 new ordinary shares in the Company at a price of 42 cents per DI Share, for which Subscription monies of A$99,960 have been received. The proceeds of the option exercise will be used for general working capital purposes. Application will be made for the admission to trading on AIM and ASX of the new DI Shares ('Admission'). Admission is expected to occur on or around 22 July 2021. The new DIs Shares will rank pari passu in all respects with the existing ordinary shares in European Metals.
Total Voting Rights
Following Admission, the Company will have 175,357,485 Ordinary Shares on issue. There are no shares held in treasury.
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The information contained within this announcement is considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release. The person who authorised for the release of this announcement on behalf of the Company was Keith Coughlan, Executive Chairman.
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