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I have been trying to fathom out how many "options" and or "warrants" are outstanding and could be taken up.....anyone got any ideas ?
Accordingly, 3,200,000,000 Fundraising Warrants will be issued pursuant to the Fundraising.
In addition, pursuant to their participations in the Fundraising, Mr Bird and Mr Campion will be issued with 66,666,666 Fundraising Warrants and 33,333,333 Fundraising Warrants respectively (together, the "Director Warrants") and Energy Minerals will be issued with 166,666,666 Fundraising Warrants (the "Energy Minerals Warrants")
In addition, Turner Pope and Brandon Hill Capital have been issued with 300,000,000 warrants and 50,000,000 warrants respectively to subscribe for new Ordinary Shares at the Issue Price, exercisable for a period of three years from Admission
https://www.lse.co.uk/rns/EUZ/europa-metals-ltd-equity-fundraise-issue-of-warrants-and-joint-broker-axtypue6xd71fhh.html
Thats 3 816 666 665 on top of the existing shares in issue of 12 488 876 318
https://www.lse.co.uk/rns/EUZ/europa-metals-ltd-exercise-of-warrants-and-issue-of-equity-5eepvtpphrzu7ke.html
Page 4 section 9 Exercisable but at a much higher price are a further 651 716 595
https://www.rns-pdf.londonstockexchange.com/rns/3889X_1-2018-8-9.pdf
That is just the ones I can find which if exercised would leave us with 16 957 259 578 shares in issue
Replying to my own previous post this is not meant as doom and gloom. If these warrants were to be exercised then the cash recieved would be returned to shareholders if/when the mine sold. Obviously the private investor would loose out slightly but what would you rather have? 80% of a lot or 100% of nothing? If it wasn't for these guys stumping up the cash the lights would have been switched off at Europa a long time ago.
Many thanks Nige...much appreciated as always.....I agree its not doom and gloom however we need to plan for them being exercised as this will impact our % holding if they are exercised at any point in the future. It makes sense therefore to buy more at these lower prices if one would like to maintain a certain % of the company ...in my case 1% so in effect should take my holdings to 1.25% in case they are ever exercised.
Agreed BicksSA, I am thinking along the same lines as you on this, it is the only way to beat the big boys because you are buying cheaper than many of the warrants but not all are exercisable. There are more dating back to the FCR days I have found too but these are minimal and at a much higher price.
The one issue is having the free cash to buy circa another 30 m shares or cica £13.5K spare!
Well I sincerely hope the ones dating back to FCR days have already lapsed as a fly on the wall has told me since CB has joined Europa Metals...he has diluted the company from 5,576,876,317 issued shares to the current levels.......12 488 876 318.....so we need to wise up here .....
Further to the below....They estimated a NPV of $110m when 5,576,876,317 were in issue.......so with 12,488,876,318 now in issue for us to remain on a "par" the NPV should now be in the region of roughly $240m........ its highly likely that it will be...pending the outcome of the latest drilling results. Lets wait and see.
Capital Structure
EUROPA METALS LIMITED
Information accurate as at 10 September 2019
Total number of fully paid shares on issue
12,322,209,651
Total number of options on issue
639,416,595
Percentage holding of 20 largest shareholders
98.27%
Market Capitalisation
£5.03m
Warrants exercisable at 0.025p each on or before 30 April 2022
3,066,666,666
Broker Warrants exercisable at 0.025p each on or before 30 April 2022
There were a bunch that lapsed Jul last year but I don't know how many the Directors hold now and at what strike price. Bricks, why not just contact the Company Secretary for a definitive answer, no need for any intrigue.
Ignore my previous post
http://www.europametals.com/site/investor-information/capital-structure
Capital Structure
EUROPA METALS LIMITED
Information accurate as at 10 September 2019
Total number of fully paid shares on issue
12,322,209,651
Total number of options on issue
639,416,595
Percentage holding of 20 largest shareholders
98.27%
Market Capitalisation
£5.03m
Warrants exercisable at 0.025p each on or before 30 April 2022
3,066,666,666
Broker Warrants exercisable at 0.025p each on or before 30 April 2022
138,000,000
Thanks Nige - lazy posts usually annoy me but could you direct me to where that can be seen in an official context? Don't want to waste any more of this lovely Sunday :)
just have done shed
Thanks Nige...guess that takes away the "intrigue" factor now.
BricksSA, To be honest I can't believe I went about it in such a long winded way reading back through all the relevant RNSs when the information we wanted was right under my nose on the official site !
Anyway shower now and then watching Huddersfield v sheff wednesday on TV, then pub straight after. Have a great Sunday everyone.
@Nige...no worries....AT least you found the info in the end...thats more than I could do. BTW...its out by 166,666,667 due to the latest RNS which was put out on Friday becoming active Monday. So the options outstanding should reduce accordingly .