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Great Western Mining Corporation PLC Raises £182.3K via Warrant Shares Issue

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GWMOGBX 3.24 −1.94%

Great Western Mining Corporation PLC (LSE:GWMO) has raised £182.3K in gross proceeds following the exercise of warrants resulting in the issuance of 9.115 million new ordinary shares. The warrant exercise price was set at 2p per share, stemming from a previous financing placement completed in January 2026.

The addition of new equity modestly expands the company's cash reserves while introducing a minor level of share dilution for current investors. Following the issuance, the company's total voting rights structure will expand to 447,553,378 ordinary shares.

Trading admission for the new shares on both the London Stock Exchange's AIM market and Euronext Growth is anticipated on or around October 16, 2026. Investors will keep an eye on subsequent operational updates and project development milestones to evaluate future capital requirements.

Key points

  • Great Western Mining Corporation PLC issued 9.115 million shares from exercised warrants at 2p per share.
  • The warrant exercises generated £182.3K in gross capital proceeds.
  • Total voting rights will increase to 447,553,378 shares after admission.
  • Admission to AIM and Euronext Growth is expected on or around October 16, 2026.

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Questions and answers

How much money did Great Western Mining raise from warrant exercises?

Great Western Mining Corporation PLC raised £182.3K in gross proceeds by issuing 9.115 million shares from exercised warrants at 2p per share.

When will Great Western Mining's new shares begin trading?

Admission of the 9.115 million new ordinary shares to trading on AIM and Euronext Growth is expected on or around October 16, 2026.

What is Great Western Mining's total share count after the warrant issue?

Following the admission of the new shares, the company's total voting rights will be 447,553,378 shares.