Cornish Metals Announces Matthew Hird's Share Option Exercise and Issuance of New Shares

Strategic Insights -

Matthew Hird, Chief Financial Officer of Cornish Metals Inc., has exercised 750,000 share options using the net exercise method, resulting in the issuance of 249,626 new shares. The new shares will rank pari passu with existing shares and will trade on both the AIM and TSX Venture Exchange. The Company has made an application for the new shares to be admitted to trading on AIM, with an expected effective date of October 14, 2025. Following these transactions, Hird's beneficial interest in the Company remains unchanged.

Key Takeaways:

  • Matthew Hird, Chief Financial Officer, has exercised 750,000 share options using the net exercise method.
  • 249,626 new shares have been issued as a result, which will trade on both AIM and TSX Venture Exchange.
  • The new shares will rank pari passu with existing shares.
  • Cornish Metals has applied for the new shares to be admitted to trading on AIM, with an expected effective date of October 14, 2025.
  • Hird's beneficial interest in the Company remains unchanged.
  • Following the exercise, the Company's issued and outstanding share capital will consist of 1,253,751,619 common shares.
  • Cornish Metals' outstanding stock options, warrants, and performance share units are as follows: 1,300,000 options exercisable at C$0.10, 7,066,667 options exercisable at C$0.33, 9,600,000 options exercisable at C$0.16, and 12,315,951 performance share units.

Statistics:

  • 750,000 share options were exercised by Matthew Hird.
  • 249,626 new shares were issued as a result.
  • The new shares will be admitted to trading on AIM in October 2025.
  • The Company's issued and outstanding share capital will consist of 1,253,751,619 common shares.
  • Cornish Metals' outstanding stock options, warrants, and performance share units total 30,681,928.
  • 75.77% of Cornish Metals' outstanding share capital is held by insiders.

Sources:

  • Cornish Metals Inc. - Investor Hub
  • GlobeNewswire - Cornish Metals Inc. Announces Share Option Exercise and Issuance of New Shares
  • AIM - Ad Admission Notice
  • TSX Venture Exchange - Notification of Issuance of Common Shares