GOLDEN PROSPECT PRECIOUS METALS LIMITED

Share Issue/Capital Change • Dec 1, 2023

National Storage Mechanism | Additional information

RNS Number : 4379V

Golden Prospect Precious Metals Ltd

01 December 2023

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.

Enquiries: -
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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