REG - Ajax Resources PLC - Closing of Fundraising Round

Ajax ResourcesAnnouncement

28/07/2025 08:00

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RNS Number : 7689S  Ajax Resources PLC  28 July 2025

 

 

28 July 2025

AJAX RESOURCES PLC

 

("Ajax" or the "Company")

 

Closing of Fundraising Round

Total Voting Rights

 

Ajax, the natural resources investment company [AQSE: AJAX] is pleased to
announce the closing of the second round of the subscription announced on 23
May 2023.

 

The Company has raised a total of £200,000 through the issue of 4,444,444 new
ordinary shares of 1 pence each ("Ordinary Shares") at a price of 4.5 pence
per Ordinary Share ("Subscription Shares") by way of subscriptions (the
"Subscription").  The net funds raised through the Subscription will be
utilised, inter alia, to provide funding for additional exploration work at
the Company's newly acquired Eureka Project.

 

Admission and Total Voting Rights

 

An application for admission to trading on the Aquis Stock Exchange Growth
Market ("AQSE") of the Subscription Shares will be made, with admission
anticipated on or around 31 July 2025 ("Admission").

 

Following Admission, the Company will have 76,905,444 Ordinary Shares in
issue, each with one voting right. The Company does not hold any shares in
treasury and therefore the total number of voting rights in the Company is
76,905,444.

 

This figure should be used by shareholders from Admission as the denominator
for the calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in the Company under
the FCA's Disclosure Guidance and Transparency Rules.

 

 

Ippolito Ingo Cattaneo, Chief Executive Officer of Ajax, commented:

 

"We are pleased to have secured additional investment from existing
significant shareholders, as well as new investors seeking to build long-term
positions in Ajax.

 

The Company is now fully funded for all planned work at Eureka through to May/
June of 2026.

 

As evidenced by the Board's continued investment in the Company, we look ahead
with confidence to the future as we work towards delivering on our key
objectives in Argentina - most notably, the publication of a maiden
JORC-compliant Mineral Resource Estimate for Eureka.

 

The successful achievement of this milestone will play a significant role in
materially increasing the Company's market valuation."

 

 

 

 

 

 

 

For further information:

 

 Ajax Resources Plc                           Tel: + 44 (0) 208 146 6345

 Ippolito Cattaneo, Chief Executive Officer   info@ajaxresources.com
 Allenby Capital Limited (Corporate Adviser)  Tel: + 44 (0) 203 328 5656

 Nick Harriss / Daniel Dearden-Williams       n.harriss@allenbycapital.com (mailto:n.harriss@allenbycapital.com)

                                              d.dearden-williams@allenbycapital.com
                                              (mailto:d.dearden-williams@allenbycapital.com)

 

 

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         Richard Heywood

 2    Reason for the notification

 a)   Position/status                                               PDMR (Executive Director)

 b)   Initial notification /Amendment                              Initial Notification

 3    Details of the issuer, emission allowance market participant, auction

    platform, auctioneer or auction monitor

 a)   Name                                                         Ajax Resources PLC

 b)   LEI                                                          213800JBHG3W43VMYU13

 4    Details of the transaction(s): section to be repeated for (i) each type of

    instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument   Ordinary Shares of 1p

      Identification code

                                                                   GB00BLNBD412
 b)   Nature of the transaction                                    Subscription for Ordinary Shares

 c)   Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                                   £0.045    556,667

 d)   Aggregated information

      - Aggregated volume

      - Price                                                      N/A

 e)   Date of the transaction                                      28/07/2025

 f)   Place of the transaction                                     Off Market

d)

 

Aggregated information

- Aggregated volume

- Price

 

 

 

N/A

e)

 

Date of the transaction

 

28/07/2025

f)

 

Place of the transaction

 

Off Market

 

 Details of the person discharging managerial responsibilities / person closely
 associated

 Name                                                         Ippolito Ingo Cattaneo
 Reason for the notification

 Position/status                                               PDMR (Chief Executive Officer)

 Initial notification /Amendment                              Initial Notification

 Details of the issuer, emission allowance market participant, auction
 platform, auctioneer or auction monitor

 Name                                                         Ajax Resources PLC

 LEI                                                          213800JBHG3W43VMYU13

 Details of the transaction(s): section to be repeated for (i) each type of
 instrument; (ii) each type of transaction; (iii) each date; and (iv) each
 place where transactions have been conducted
 Description of the financial instrument, type of instrument   Ordinary Shares of 1p

 Identification code

                                                              GB00BLNBD412
 Nature of the transaction                                    Subscription for Ordinary Shares

 Price(s) and volume(s)                                       Price(s)  Volume(s)

                                                              £0.045    556,667

 Aggregated information

 - Aggregated volume

 - Price                                                      N/A

 Date of the transaction                                      28/07/2025

 Place of the transaction                                     Off Market

Aggregated information

- Aggregated volume

- Price

 

 

 

N/A

Date of the transaction

 

28/07/2025

Place of the transaction

 

Off Market

 

 

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