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Tectonic Gold Plc - Exercise of warrants and issue of equity
PR Newswire
Exercise of warrants and issue of equity
Tectonic Gold plc (TDIM: TTAU), is pleased to announce that following the 5 March 2021 call on warrant holders, warrants for a total of 90,568,178 new Ordinary Shares at a price of 0.7p have been exercised raising a total of £633,977.25.
In addition, the Company has partially exited its holding in VOX Royalty Corp, strategically monetising two thirds of its position, at over CAD3,10 per share. 65,539 shares were sold generating proceeds of circa AUD215,000 to be applied to additional drilling.
Highlights:
Initial indicative demand of £500,000 significantly exceeded