In a strategic move to bolster its capital base, Great Western Mining Corporation PLC has announced the exercise of warrants covering 2,450,000 new ordinary shares. This development, effective as of August 3, 2026, marks a significant step in the company’s financial evolution. The warrants, originally granted in conjunction with a placing announced on January 30, 2026, have now been exercised at a price of 2 pence per share, generating gross proceeds of £49,000.00.
The company’s decision to issue these Warrant Shares underscores its commitment to strengthening its financial position. These shares, each with a nominal value of €0.0001, will rank pari passu with the existing ordinary shares, ensuring equal rights and privileges for all shareholders. The admission of these shares to trading on the AIM Market of the London Stock Exchange and Euronext Growth is expected to commence on or around August 7, 2026.
Expanding the Capital Base
The exercise of these warrants represents a pivotal moment for Great Western Mining Corporation. The issuance of 2,450,000 new shares not only increases the company’s capital base but also provides a substantial influx of funds. This financial boost is crucial for supporting the company’s ongoing operations and future growth initiatives. The gross proceeds of £49,000.00 will be instrumental in achieving these objectives.
Following the issue of the Warrant Shares, the total number of ordinary shares in issue with voting rights will be 438,371,327. This updated figure is significant for shareholders as it serves as the denominator for calculations related to transparency notifications. The company does not hold any ordinary shares in treasury, ensuring that all shares are actively traded and contribute to the company’s voting rights.
Market Implications and Shareholder Considerations
The admission of the new shares to trading on AIM and Euronext Growth is expected to have a positive impact on the market. Dealings are anticipated to commence on or around August 7, 2026, providing shareholders with the opportunity to trade these new shares. This development is particularly important for existing shareholders, as it may influence their investment strategies and decision-making processes.
For shareholders, the increase in the total number of shares is a critical factor to consider. While the issuance of new shares expands the capital base, it also dilutes the percentage holdings of existing shareholders. This dilution is an essential aspect of the warrant exercise and should be taken into account when evaluating the company’s financial health and future prospects.
Regulatory Compliance and Transparency
Great Western Mining Corporation is committed to maintaining the highest standards of regulatory compliance and transparency. In conformity with Regulation 20 of the Transparency (Directive 2004/109/EC) Regulations 2007, the company has provided detailed information regarding the total number of ordinary shares in issue. This transparency is crucial for shareholders and regulatory bodies, ensuring that all parties are well-informed about the company’s financial status.
The updated share count will be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, Great Western Mining under the relevant regulations. This information is essential for maintaining compliance and ensuring that all stakeholders are aware of their obligations.
For further information, shareholders and interested parties are encouraged to visit the company’s official website at or contact the designated representatives listed below:
- Great Western Mining Corporation PLC
- Brian Hall, Chairman
- Ed Loye, CEO
- Max Williams, Finance Director
- c/o St Brides
- Email: [email protected]
- Davy
- Nominated Adviser, Euronext Growth Adviser & Joint Broker
- Brian Garrahy
- Phone: +353 (0)1 679 6363
- Shard Capital Partners
- Joint Broker
- Andrew Gutmann / Erik Woolgar
- Phone: +44 (0)20 7186 9008
- St Brides Partners
- Financial PR
- Susie Geliher / Isabel de Salis
- Email: [email protected]
