1st Oct 2014 15:44
LONDON (Alliance News) - Stellar Resources PLC Wednesday said Optiva Securities Ltd has notified it of an exercise of broker warrants to subscribe for 13.0 million new shares at an exercise price of 0.4 pence each.
The broker warrants were issued and announced in connection with a placement on October 29, 2013.
Optiva continues to hold 11.1 million warrants at a 0.4p exercise price, according to Stellar. The warrants expire on November 20 2018.
Stellar Resources shares Wednesday closed up 4.1% at 1.01 pence.
By Samuel Agini; [email protected]; @samuelagini
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