Guardian Metal Resources plc (LON:GMET)(OTCQB:GMTLF), a U.S.-focused exploration-stage critical minerals company, has announced the filing of a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO) of its American Depositary Shares (ADSs).
All ADSs to be sold in this offering will be offered by Guardian Metal itself. The company plans to list its ADSs on the NYSE American under the ticker symbol GMTL. While the number of ADSs to be offered and the pricing terms have yet to be finalized, the offering is contingent on market conditions. There is no assurance regarding the completion timeline or the actual size and terms of the offering.
BMO Capital Markets Corp. will serve as the book-running manager for the proposed offering.
Although the Registration Statement has been filed with the SEC, it has not yet become effective. Consequently, the ADSs cannot be sold, nor can offers to buy be accepted prior to the Registration Statement's effectiveness.
The Registration Statement is accessible through the SEC's EDGAR database and includes more details about Guardian Metal.
This announcement is not an offer to sell or issue, nor a solicitation of an offer to subscribe for or purchase any securities. It is important to note that this information does not form the basis for any offer, solicitation, sale, or commitment in any jurisdiction where such actions would be unlawful before registration or qualification under the relevant securities laws.
The securities mentioned will only be offered through a prospectus. Once available, copies of the preliminary prospectus can be requested from BMO Capital Markets Corp., Attn: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036.
This announcement contains inside information as defined by Article 7 of EU Regulation 596/2014, which is part of UK law under the European Union (Withdrawal) Act 2018.
Forward-looking statements regarding anticipated future events and results are included, which are subject to risks and uncertainties such as economic conditions, competition, regulatory processes, and potential delays.
For more details about Guardian Metal, visit www.guardianmetalresources.com or contact:
Sandy Jamieson/Jo Turner/Louise O'Driscoll
Joint Broker and Financial Adviser
Charlie Bendon/Richard Greenfield
Guardian Metal Resources PLC (LON:GMET)(OTCQX:GMTLF) holds a significant portfolio of tungsten exploration projects in Nevada, including the principal Pilot Mountain project and the Tempiute project, both known for their historical tungsten mining activity.
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