Closing of Fundraising Round
28/07/2025 07:00
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 Ippolito Cattaneo, Chief Executive Officer | Tel: + 44 (0) 208 146 6345 info@ajaxresources.com |
| Allenby Capital Limited (Corporate Adviser) Nick Harriss / Daniel Dearden-Williams | Tel: + 44 (0) 203 328 5656 n.harriss@allenbycapital.com 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 Identification code | Ordinary Shares of 1p GB00BLNBD412 | ||||||
| b) | Nature of the transaction | Subscription for Ordinary Shares | ||||||
| c) | Price(s) and volume(s) |
| ||||||
| 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 Identification code | Ordinary Shares of 1p GB00BLNBD412 | ||||||
| Nature of the transaction | Subscription for Ordinary Shares | ||||||
| Price(s) and volume(s) |
| ||||||
| Aggregated information - Aggregated volume - Price | N/A | ||||||
| Date of the transaction | 28/07/2025 | ||||||
| Place of the transaction | Off Market | ||||||