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).