Altona Rare Earths plc has issued one million new ordinary shares each at a price of 5 pence to settle fees with business development officer Christian Taylor-Wilkinson.
The fees are for services provided in 2021 by Leander PR Ltd of which he is a director.
Following the issue of shares, Mr Taylor-Wilkinson owns an interest in 4,862,371 Altona shares representing 5.83% of the company’s issued capital.
The company has also issued 33,600 shares to a service provider also in settlement of outstanding fees.
On admission, Altona’s enlarged share capital and total voting rights in the company will comprise 83,436,799. The company holds no shares in treasury.