Power Metal Resources plc has created a separate pool of 25 million warrants as an incentive for business advisers, consultants and in-country teams supporting the company.
GROWTH
The company said that the adviser warrant pool would be for those who are, or may become, key to business growth and development and have been, or may be, important to the strategic and financial positioning of the company.
The 25m three-year warrants are over new ordinary shares of 0.1 pence in the company at an exercise price of 3.25p per share.
Power Metal directors are excluded from the adviser pool.
ETHOS
The company has a team of 11 UK people as core staff, including board directors, which oversees and manages operations across North America, Africa and Australia.
A network of UK advisers and consultants as well as operational teams in each country of operations support the team, in a ‘hub and spoke’ management style.
“With the growth of Power Metal’s interests the network of advisors has grown, and in line with the ethos of the company, the board wish to ensure that those providing valuable support to the company can share in the exposure to equity upside,” added the company.