NEWS RELEASE 22 MAY 2024
ISSUE OF SHARES ON CONVERSION OF CONVERTIBLE
NOTE
GreenX Metals Limited (ASX:GRX,
LSE:GRX) (GreenX or
the Company) advises that
it has issued 5,711,805 ordinary fully paid shares (Shares) upon the conversion of a
convertible loan note that had a principal amount of A$2,627,430
(Convertible
Note).
An application will be made for
admission of the Shares to the standard listing segment of the
Official List of the FCA (Official
List) and to trading on the main market of the London Stock
Exchange for listed securities (LSE Admission). LSE Admission is
expected to take place on or before 31 May
2024.
For the purposes of the Financial
Conduct Authority's Disclosure Guidance and Transparency Rules
(DTRs), following LSE
Admission, the Company's issued ordinary share capital will
be 278,901,032 ordinary shares. The above figure of 278,901,032 may be used by
shareholders as the denominator for the calculations by which they
can determine if they are required to notify their interest in, or
a change to their interest in, the Company following LSE
Admission
Following the issue of Shares,
GreenX has the following securities on issue:
· 278,901,032 ordinary fully paid
shares;
· 4,775,000 unlisted options exercisable at A$0.45 each on or
before 30 November 2025;
· 5,525,000 unlisted options exercisable at A$0.55 each on or
before 30 November 2026; and
· 11,000,000 performance rights that have an expiry date 8
October 2026;
Classification: 2.2 Inside
Information
2.5 Total number of voting rights and
capital
Enquiries:
The information contained within this announcement is deemed
by the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ('MAR'). Upon the publication of this announcement via
Regulatory Information Service ('RIS'), this inside information is
now considered to be in the public domain.