LONDON - Unicorn Mineral Resources Plc (LSE: UMR), an Ireland-based mineral exploration company, has announced the publication of a Prospectus approved by the Financial Conduct Authority (FCA). The Prospectus is a precursor to the issuance of 6,000,000 new ordinary shares, enabling their admission to the Official List and trading on the Main Market of the London Stock Exchange (LON:LSEG).
The new shares, priced at €0.01 each, are set to be admitted around December 20, 2024, following the conversion of convertible loan notes issued in December 2023 and 2024. These shares will rank equally with the existing ordinary shares of the company.
Upon admission, Unicorn's issued share capital will total 40,854,987 ordinary shares. Each share carries one vote, establishing the total voting rights within the company. Shareholders can use this figure as a reference for disclosing changes in their holdings as per the FCA's Disclosure Guidance & Transparency Rules.
The Prospectus and further details are available on the company's website and the FCA's Document Storage Mechanism. The announcement includes transactions involving company directors, who received shares through the convertible loan note conversion.
The price per share was set at 10p, with the aggregate volume of shares issued to directors totaling 4,594,140, amounting to a total price of £459,414. These transactions took place on the London Stock Exchange on the date of the announcement.
This move is part of Unicorn Mineral Resources' ongoing efforts to expand its capital base and continue its exploration activities for Zinc, Lead, Copper, and Silver. The information provided here is based on a press release statement from the company.
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