First Class Metals Plc (LSE: FCM), the Canada-focused precious and base metal explorer, with extensive land holdings in northern Ontario, is pleased to announce that, further to the announcement on 18 December 2024, it has today published a Prospectus (“Prospectus“).
The Prospectus, which has been approved by the Financial Conduct Authority (“FCA”), has been published on the Company’s website at https://firstclassmetalsplc.com/prospectus-and-reports and will also be available at the FCA’s Document Storage Mechanism at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Prospectus has been published to enable the issue and admission to the Official List (Equity Shares (transition) category) and to trading on the Main Market of the London Stock Exchange (“Admission“) of 90,922,121 new ordinary shares of £0.001 each (“Shares“), of which 78,552,084 are being issued to The 79th GRP Limited by way of a subscription at a price of 1.7 pence per share. The balance of the Shares are being issued to fulfil certain contractual obligations.
Application will be made for the Admission of 90,922,121 Shares. It is expected that Admission will become effective on or around 28 February 2025. The Shares will rank pari passu with the existing ordinary shares of the Company.
On Admission, the Company’s issued ordinary share capital shall consist of ordinary shares with each ordinary share carrying the right to one vote. Following the issue of the Shares the total issued share capital of the Company will comprise 191,741,361 Ordinary Shares. The Company has no Ordinary Shares held in treasury. Accordingly, the figure of 191,741,361 represents the total voting rights in the Company and should be the figure used by shareholders as the denominator for the calculation by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance & Transparency Rules.
This announcement contains information which, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).
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For Further Information:
Engage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here:
https://firstclassmetalsplc.com/auth/signup
For further information, please contact:
James Knowles, Executive Chair
Email: JamesK@Firstclassmetalsplc.com
Tel: 07488 362641
Marc J Sale, CEO
Email: MarcS@Firstclassmetalsplc.com
Tel: 07711 093532
