Power Metal Resources plc said it had received subscription monies of £101,500 following notices to exercise warrants over 13,150,000 new ordinary shares of 0.1 pence each in the company (warrant shares).
The warrant shares are being issued pursuant to the exercise of 7,150,000 warrants at an exercise price of 1.0 pence per ordinary share of 0.1 pence each in the company, and the exercise of 6,000,000 warrants at an exercise price of 0.5p pence per ordinary share of 0.1 pence each in the company.