Ironridge Resources Ltd Via Public Fully Underwritten Call For Exercise Of Warrants News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Call Notice for Exercise of Warrants
IronRidge Resources Limited (AIM: IRR, IronRidge or the Company ), the African focussed minerals exploration company is pleased to announce the fully underwritten call for exercise of warrants.
Pursuant to approval granted by shareholders at the Company s General Meeting of 25 June 2020, the Company has remaining in issue 31,608,492 warrants (the Fundraise Warrants ) issued to participants in the Company s capital raising announced on 11 May 2020. Each Fundraise warrant is exercisable at an exercise price of 12p into one Depositary Interest of no par value in the Company ( Ordinary Share ).
In accordance with the Terms & Conditions of the Fundraise Warrants, the Company has the ability to call on the holders to exercise their Fundraise Warrants in the event that the Company s ordinary shares trade at a Volume Weighted Average Price at or above 16p per share for a period of five (5) consecutive business days ( trigger event ). Th ....

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