Golden Prospect Precious Metals Ltd Results of Subscription Rights Exercise (4379V)

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RNS Number : 4379V

Golden Prospect Precious Metals Ltd

01 December 2023

1 December 2023

Golden Prospect Precious Metals Limited

(the "Company")

Results of subscription rights exercise for Ordinary Shares

The Board of the Company announces that applications have been received from shareholders to subscribe for 57,689 new ordinary shares of no par value ("Ordinary Shares") at a price of 38.31p per share.

The Board have determined however, that due to the current Ordinary Share price of approximately 28.00p per share, it would not be in the best interests of the Company nor the Shareholders to issue new shares at this level.

Accordingly, the Company announces that no new Ordinary Shares will be issued as a result of the subscription rights exercise for 2023 and that applicants will be refunded by the Registrar as soon as possible.

A separate announcement regarding the subscription rights price for 2024 will be made in due course.

 
 
 Enquiries: - 
 CQS (UK) LLP                                                         +44 (0) 20 7201 5368 
  Craig Cleland 
 Cavendish Capital Markets Limited                                    +44 (0) 20 7220 0500 
  William Marle 
 Maitland Administration (Guernsey)                                   +44 (0) 20 3530 3600 
  Limited 
  Tracy Le Sauvage / James Taylor

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December 01, 2023 07:51 ET (12:51 GMT)

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