{"id":120034,"title":"First Class Metals Plc (LON:FCM) Publication of Prospectus and Issue of Equity","publisher":"Share Talk","author":"sharetalk","published":"2025-02-25T12:34:56+00:00","modified":"2025-02-25T12:34:56+00:00","canonical_url":"https://www.share-talk.com/first-class-metals-plc-lonfcm-publication-of-prospectus-and-issue-of-equity/","markdown_url":"https://www.share-talk.com/first-class-metals-plc-lonfcm-publication-of-prospectus-and-issue-of-equity.md","json_url":"https://www.share-talk.com/first-class-metals-plc-lonfcm-publication-of-prospectus-and-issue-of-equity.json","category":"Mining","categories":["Mining"],"tags":["Ayub Bodi","canada","Canadian","Coco East","Danesh Varma","Enable","FCM","First Class Metals","Hemlo","James Knowles","Jason Robertson","Magical","Marc Bamber","Marc Sale","McKellar","Mr. Stefan Müller","North Hemlo","Ontario","Palladium One","PDM","Schreiber","Share Talk","Sugar Cube"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/02/Gkn4E4HWkAAeNBy.jpeg?fit=1200%2C675&quality=89&ssl=1","format":"news","language":"en-GB","content":"**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**“).\n\nThe 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](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](https://data.fca.org.uk/#/nsm/nationalstoragemechanism).\n\nThe 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.\n\nApplication 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.\n\nOn 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.\n\nThis 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).\n\nEnds\n\n**For Further Information:**\n\nEngage with us by asking questions, watching video summaries, and seeing what other shareholders have to say. Navigate to our Interactive Investor hub here:\n\n[https://firstclassmetalsplc.com/auth/signup](https://firstclassmetalsplc.com/auth/signup)\n\nFor further information, please contact:\n\nJames Knowles, Executive Chair\n\nEmail: [JamesK@Firstclassmetalsplc.com](mailto:JamesK@Firstclassmetalsplc.com)\n\nTel: 07488 362641\n\nMarc J Sale, CEO\n\nEmail: [MarcS@Firstclassmetalsplc.com](mailto:MarcS@Firstclassmetalsplc.com)\n\nTel: 07711 093532"}