1 December 2023
Golden Prospect Precious Metals Limited
(the "Company")
Results of subscription rights exercise for Ordinary Shares
The Board of the Company announces that applications have been received from shareholders to subscribe for 57,689 new ordinary shares of no par value ("Ordinary Shares") at a price of 38.31p per share.
The Board have determined however, that due to the current Ordinary Share price of approximately 28.00p per share, it would not be in the best interests of the Company nor the Shareholders to issue new shares at this level.
Accordingly, the Company announces that no new Ordinary Shares will be issued as a result of the subscription rights exercise for 2023 and that applicants will be refunded by the Registrar as soon as possible.
A separate announcement regarding the subscription rights price for 2024 will be made in due course.
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| Enquiries: -
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| CQS (UK) LLP Craig Cleland
| +44 (0) 20 7201 5368 |
| Cavendish Capital Markets Limited William Marle
| +44 (0) 20 7220 0500 |
| Maitland Administration (Guernsey) Limited Tracy Le Sauvage / James Taylor
| +44 (0) 20 3530 3600
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