First Class Metals Seeks Shareholder Approval for Major Investment

First Class Metals Plc ( (GB:FCM) ) has provided an update.

First Class Metals Plc has announced the posting of a circular and notice of a General Meeting to seek shareholder approval for the first stage of a conditional subscription agreement with The 79th GRP Limited. This agreement involves a proposed investment of approximately £2.18 million in the company, which will be conducted in two stages. The first stage includes the issuance of 78,552,084 shares and is contingent upon shareholder approval and other regulatory conditions. The board considers this investment to be in the best interests of the shareholders and urges them to vote in favor of the resolution.

More about First Class Metals Plc

First Class Metals Plc is a Canada-focused explorer specializing in precious and base metals, with significant land holdings in northern Ontario.

YTD Price Performance: -2.94%

Average Trading Volume: 516,703

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £1.66M

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