Power Metal Resources plc received £43,750 from the exercise of warrants by former chief executive Paul Johnson over 6,250,000 new ordinary shares.
The shares of 0.1 pence each in the company were exercised each at a price of 0.7p.
As a result, Paul Johnson and Michelle Johnson will hold 82,250,000 Power Metal shares equating to 3.98% of issued share capital.
Following admission, the company’s issued share capital will comprise 2,064,671,913 ordinary shares each of 0.1p, with voting rights.