RNS Number : 2140Y
First Tin PLC
29 July 2024
 

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29 July 2024

First Tin Plc

("First Tin" or "the Company")

Result of General Meeting

First Tin PLC, a tin development company with advanced, low capex projects in Germany and Australia, is pleased to announce that all of the resolutions were duly passed by Shareholders at the General Meeting held today in connection with the recently announced Fundraising.

The detailed results of the voting are set out below:

Resolution

In favour

Against

Withheld

1.   TO AUTHORISE THE DIRECTORS TO ALLOT ORDINARY SHARES

156,919,238

82,669

14,628

2.   TO AUTHORISE THE DIRECTORS TO DISAPPLY PRE-EMPTION RIGHTS

155,267,389

1,734,518

14,628

 

The Company is pleased to confirm that, as announced on 10 July 2024, following the passing of all resolutions, the admission will become effective and dealings in 53,000,000 new ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") (the "Placing Shares") at a price of 4 pence per Ordinary Share, will commence on the Main Market at 8 a.m. on 1 August 2024.

 

Enquiries:

 

First Tin

Via SEC Newgate below

Bill Scotting - Chief Executive Officer

 

Arlington Group Asset Management Limited (Financial Advisor and Joint Broker and Bookrunner)



Simon Catt

020 7389 5016

 



Zeus Capital Limited (Joint Broker)



Harry Ansell/Dan Bristowe/Katy Mitchell

020 3829 5000

 



SEC Newgate (Financial Communications)



Elisabeth Cowell / Molly Gretton

07900 248 213

 

Notes to Editors

First Tin PLC is an ethical, reliable, and sustainable tin production company led by a team of renowned tin specialists. The Company is focused on becoming a tin supplier in conflict-free, low political risk jurisdictions through the rapid development of high value, low capex tin assets in Germany and Australia, which have been de-risked significantly, with extensive work undertaken to date.

Tin is a critical metal, vital in any plan to decarbonise and electrify the world, yet Europe has very little supply. Rising demand, together with shortages, is expected to lead tin to experience sustained deficit markets for the foreseeable future.

First Tin's goal is to use best-in-class environmental standards to bring two tin mines into production in three years, providing provenance of supply to support the current global clean energy and technological revolutions.

 

 

 

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