Great Western Mining Corporation PLC Announces Exercise of Warrants & Total Voting Rights

Rhea-AI Summary

Great Western Mining Corporation (GWMOF) reported the exercise of warrants over 2,450,000 new ordinary shares of €0.0001 each at 2 pence per share, generating £49,000 in gross proceeds. These warrants were originally issued with the placing announced on 30 January 2026.

The company has approved the issue of these Warrant Shares and will apply for their admission to trading on AIM and Euronext Growth, with dealings expected to start on or around 7 August 2026. Following Admission, the total number of ordinary shares in issue with voting rights will be 438,371,327, and the company will hold no shares in treasury. This updated share count will serve as the denominator for shareholders’ transparency notification calculations.

Positive

• Warrant exercise raises £49,000 in gross proceeds at 2 pence per share
• Issue of 2,450,000 new shares expands capital base
• Total voting shares increase to 438,371,327 after Admission

Negative

• Issue of 2,450,000 new shares dilutes existing shareholders’ percentage holdings

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DUBLIN, IRELAND / ACCESS Newswire / August 3, 2026 / Great Western Mining Corporation PLC (AIM:GWMO)(ESM:8GW) announces that it has received notices of exercise of warrants over 2,450,000 new ordinary shares of €0.0001 each in the share capital of the Company at a price of 2 pence per share ("the Warrant Shares"). The warrants were granted in conjunction with the Placing announced on 30 January 2026. The Company has approved the issue of the Warrant Shares with gross proceeds amounting to £49,000.00.

Settlement and Dealing
Application will be made to the AIM Market of the London Stock Exchange ("AIM") and Euronext Growth for a total of 2,450,000 ordinary shares, which will rank pari passu with the Company's existing issued Ordinary Shares, to be admitted to trading. Dealings on AIM and Euronext Growth are expected to commence on or around 7 August 2026 ("Admission").

Total Voting Rights
In conformity with Regulation 20 of the Transparency (Directive 2004/109/EC) Regulations 2007, Great Western advises that the total number of ordinary shares of €0.0001 each in issue (with voting rights) will be 438,371,327 following the issue of the Warrant Shares. The Company does not hold any ordinary shares in treasury.

This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Great Western under the Transparency (Directive 2004/109/EC) Regulations 2007 and the Transparency Rules.
For further information visit www.greatwesternmining.com or contact:

Great Western Mining Corporation PLC
Brian Hall, Chairman Ed Loye, CEO Max Williams, Finance Director	c/o St Brides greatwesternmining@stbridespartners.co.uk
Davy
Nominated Adviser, Euronext Growth Adviser & Joint Broker Brian Garrahy	+353 (0)1 679 6363
Shard Capital Partners
Joint Broker Andrew Gutmann / Erik Woolgar	+44 (0)20 7186 9008
St Brides Partners
Financial PR Susie Geliher / Isabel de Salis	greatwesternmining@stbridespartners.co.uk

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Great Western Mining Corporation PLC

View the original press release on ACCESS Newswire

FAQ

What did Great Western Mining (GWMOF) announce about warrant exercises on 3 August 2026?

Great Western Mining announced the exercise of warrants over 2,450,000 new ordinary shares at 2 pence per share. According to the company, these warrant exercises relate to a placing announced on 30 January 2026 and have now been approved for issue.

How much capital is Great Western Mining (GWMOF) raising from the latest warrant exercises?

Great Western Mining is raising £49,000 in gross proceeds from the exercise of 2,450,000 warrants at 2 pence per share. According to the company, these funds arise from issuing new ordinary shares of €0.0001 each in its share capital.

When will the new Great Western Mining (GWMOF) warrant shares start trading on AIM and Euronext Growth?

The new warrant shares are expected to start trading on or around 7 August 2026 on AIM and Euronext Growth. According to Great Western Mining, application for admission of 2,450,000 ordinary shares will be made, ranking pari passu with existing shares.

What is the new total voting rights figure for Great Western Mining (GWMOF) after the warrant share issue?

After issuing the warrant shares, Great Western Mining’s total ordinary shares with voting rights will be 438,371,327. According to the company, this figure should be used by shareholders as the denominator for transparency notification calculations under the relevant regulations.

Does Great Western Mining (GWMOF) hold any treasury shares after the August 2026 warrant exercise?

No, Great Western Mining will not hold any ordinary shares in treasury following the warrant share issue. According to the company, all 438,371,327 ordinary shares in issue will carry voting rights, simplifying transparency and disclosure calculations for investors.

At what price were the Great Western Mining (GWMOF) warrants exercised and what is the nominal value per share?

The warrants were exercised at 2 pence per share, with each new ordinary share having a nominal value of €0.0001. According to Great Western Mining, this pricing generated £49,000 in gross proceeds from 2,450,000 Warrant Shares.