Result of AGM and Issue of Warrants

28 June 2024

Pathfinder Minerals plc

("Pathfinder" or the "Company")

Result of Annual General Meeting

 and

Issue of Warrants

Pathfinder Minerals PLC (AIM:PFP), an AIM Rule 15 cash shell, announces that following the Annual General Meeting ("AGM") held today at 11:00 a.m., all resolutions were duly passed.  

Also, the Company announces that it has agreed to issue warrants to an investor relations adviser to subscribe for 100,000,000 ordinary shares of 0.1p each in the capital of the Company (the "Warrants"). The Warrants are exercisable for a period of up to 12 months at a price of 0.30p, representing a premium of approximately 7 per cent. to the closing suspension mid-market price of 0.28p. The Warrants will be performance driven on the basis that the warrants will only vest if the volume weighted average price ("VWAP") for the Company is greater than 0.60p bid-market price for a period of two calendar weeks, being 10 trading days.

Enquiries:

Pathfinder Minerals Plc

Paul Barrett, Executive Director

Tel. +44 (0)20 3143 6748

Allenby Capital Limited (Nominated Adviser and Broker)

John Depasquale / Vivek Bhardwaj / Lauren Wright (Corporate Finance)

Stefano Aquilino / Joscelin Pinnington (Sales & Corporate Broking)

Tel. +44 (0)20 3328 5656

OAK Securities (Joint Broker)

Jerry Keen, Head of Corporate Broking ([email protected])

Henry Clarke, Head of Sales ([email protected])

Tel. +44 (0)20 3973 3678

Camarco (Financial PR)

Gordon Poole / Emily Hall / Sam Morris

Tel. +44 (0) 20 3757 4980

OAK Securities is a trading name of Merlin Partners LLP. Merlin Partners LLP is authorised and regulated by the Financial Conduct Authority (Reference Number: 449191). Merlin Partners LLP is registered in England and Wales (Registered Partnership Number: OC317265).